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Sourcefire Posts Q1 Loss

By RTTNews Staff Writer   ✉  | Published:  | Google News Follow Us  | Join Us
rttnewslogo20mar2024

Sourcefire Inc. (FIRE), Tuesday reported first-quarter net loss of $26 thousand or breakeven per share, compared to net income of $67 thousand or breakeven per share last year.

Adjusted net income for the quarter was $3.4 million or $0.11 per share, same as last year. Analysts polled by Thomson Reuters expected the company to earn $0.12 per share for the quarter. Analysts' estimates typically exclude special items.

Revenues for the first quarter grew 21 percent to $56.2 million from $46.3 million last year. Analysts estimated revenues of $57.38 million for the quarter.

Looking forward to the second quarter, Sourcefire expects GAAP results in a range of a loss of $0.02 to a profit of $0.01 per share, adjusted earnings of $0.13 to $0.16 per share and revenues of $60.5 million to $63.5 million. Analysts currently estimate earnings of $0.19 per share on revenues of $63.34 million for the quarter.

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