FireEye and Chipotle Mexican Grill released their latest earnings reports after closing bell tonight. FireEye reported a non-GAAP net loss of 3 cents per share on $184.7 million, compared to Wall Street’s estimates of 16 cents per share in adjusted losses and $191 million in revenue. In the year-ago quarter, the cyber-security firm reported adjusted losses of 36 cents per share on $185 million in revenue.
Chipotle reported earnings of 55 cents per share on $1.03 billion in revenue. Analysts had been expecting earnings of 56 cents per share and $1.4 billion in revenue. The fast casual dining chain issued a profit warning in January, saying that it expected earnings for the fourth quarter to be between 50 cents and 58 cents per share. At that time, analysts were projecting 96 cents per share, but after the warning, the consensus was revised downward. In the same quarter a year ago, the company reported earnings of $2.17 per share.
Tiger Legatus Master Fund was up 0.1% net for the second quarter, compared to the MSCI World Index's 7.9% return and the S&P 500's 8.5% gain. For the first half of the year, Tiger Legatus is up 9%, while the MSCI World Index has gained 13.3%, and the S&P has returned 15.3%. Q2 2021 hedge Read More
FireEye’s per-share losses narrow
FireEye’s GAAP net loss narrowed to 37 cents per share from 87 cents per share in the year-ago quarter. Billings declined 14% year over year to $221.8 million, while the GAAP gross margin fell to 65% from 66% in the year-ago quarter. The non-GAAP gross margin fell to 74% from 75% in the same quarter a year previously.
For the first quarter, the company expects $160 million to $166 million in revenue, a non-GAAP gross margin of about 70%, and non-GAAP net losses of 26 cents to 28 cents per share. It also expects billings of $130 million to $150 million. The cyber-security firm expects improving billings and revenue trends throughout the year.
Shares of FireEye tanked in after-hours trades, falling by as much as 18.43% to $10.58.
Chipotle Mexican Grill shares slip
Chipotle Mexican Grill said comparable restaurant sales rose 14.7% in December. The company said last month that sales at established restaurants tumbled 4.8% in the fourth quarter, with most of that coming from the 20% decline in October. The company said that comparable restaurant sales improved in the last two months of the year as the comparisons with the year previously got easier.
For this year, the company expects comparable restaurant sales to grow in the high-single digits and plans to open 195 to 210 new restaurants.
Shares of Chipotle Mexican Grill fell by as much as 3.05% to $410.40 in after-hours trading tonight.