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FireEye Q1 loss widens 21.0% YOY

FireEye Inc. said its first-quarter normalized net income came to a loss of 63 cents per share, compared with the S&P Capital IQ consensus estimate of a loss of 50 cents per share.

The per-share loss increased 15.5% year over year from 55 cents.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was a loss of $100.5 million, compared with a loss of $83.1 million in the year-earlier period.

The normalized profit margin rose to negative 60.2% from negative 66.3% in the year-earlier period.

Total revenue rose 34.0% year over year to $168.0 million from $125.4 million, and total operating expenses rose 23.8% year over year to $319.3 million from $257.9 million.

Reported net income came to a loss of $155.9 million, or a loss of 98 cents per share, compared to a loss of $134.0 million, or a loss of 88 cents per share, in the year-earlier period.