FireEye beats on earnings and raises forecast, sending stock up 6%

FireEye Inc.’s rebound on Wall Street received some support Tuesday, as the company reported quarterly financial results that beat expectations and raised its projections for the rest of the year.

The security-software company reported a loss of $70.7 million, or 40 cents a share, on revenue of $185.5 million for the second quarter Tuesday, a sales gain of 6% from the same quarter a year ago. After adjustments for stock-based compensation and other costs, the company claimed an adjusted loss of 4 cents a share, narrower than the adjusted loss of 33 cents recorded a share a year ago.

Those results easily beat FireEye’s own forecast and analysts’ expectations.

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