American International Group and FireEye released their latest quarterly earnings results after closing bell tonight. AIG posted losses of $1.10 per share, compared to the consensus of 93 cents per share in losses.
FireEye reported adjusted losses of 36 cents per share, compared to the consensus of 37 cents per share in losses, and $184.77 million in revenue, against the consensus of $185.5 million.
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AIG swings to a loss
AIG’s reported losses were $1.50 per share or $1.8 billion for the fourth quarter, compared to the previous year’s 46 cents per share or $655 million profit. The losses came on the back of restructuring expenses and realized capital losses. The Commercial Insurance segment had a pretax operating loss of $2.1 billion, while the Consumer Insurance division saw an 18% decline in pretax operating incmoe to $753 million
AIG also said tonight that it is adding a board member linked to Carl Icahn, who has been targeting the insurance provider for some time. Also John Paulson will be joining the company’s board of directors, effective in May. AIG also said its board has authorized a $5 billion share repurchase plan.
Shares of American International Group were little changed in after-hours trading at around $50.70 per share.
FireEye sees improving results
FireEye’s reported losses were 87 cents per share
FireEye said billings were $256.9 million, setting a new record with a 21% increase year over year. GAAP losses were 87 cents per share, compared to the loss of 72 cents per share in the fourth quarter 2014. The non-GAAP operating margin improved to -28% from -40% in the year-ago quarter, while the GAAP margin improved from -80% in the year-ago quarter to -67% in the fourth quarter of 2015.
Deferred revenue climbed 49% to $305.2 million for the full year.
For the first quarter, FireEye management expects revenue of $167 million to $177 million, non-GAAP billings of $163 million to $183 million, and a non-GAAP net loss of 49 cents to 53 cents per share. Shares of FireEye dipped in after-hours trading, falling by as much as 2.82% to $12.06 per share.