FireEye Q2 2017 earnings and Herbalife 2Q 2017 earnings were released after closing bell tonight. FireEye posted non-GAAP losses of 4 cents per share, compared to the consensus estimates of 12 cents per share in losses on $176.4 million in revenue. In last year’s second quarter, the firm reported non-GAAP net losses of 33 cents per share on $175 million in revenue.
Herbalife posted adjusted earnings of $1.51 per share on $1.1 billion in net sales, while Wall Street had been predicting adjusted earnings of $1.12 per share on $1.2 billion in revenue. Earlier this month, Herbalife management boosted their adjusted earnings guidance to a new range of 95 cents to $1.15 per share. In last year’s second quarter, the company reported adjusted earnings of $1.29 per share.
FireEye Q2 2017 earnings
On a GAAP basis, FireEye Q2 2017 earnings amounted to a loss of 40 cents per share, which compares to last year’s GAAP net losses of 86 cents per share. Billings fell 12% year over year to $172 million, although that number came out toward the high end of guidance. The GAAP gross margin rose to 64% from 61% in the year-ago quarter, while the non-GAAP margin improved to 74% from 73% last year.
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FireEye shares were hit by the news that Mandiant, which it owns, was apparently hacked. A Mandiant analyst’s personal and professional records were posted online with a warning about a much bigger data breach. Given that FireEye and Mandiant are cyber-security firms, a data breach is even worse news for them than it is for major retailers such as Target, which has sustained a breach of its own in the past. Despite the leak of the analyst’s records, FireEye claimed there was no proof that its systems were actually breached.
The cyber-security firm guided for third-quarter revenue of $183 million to $189 million, billings of $190 million to $205 million, a non-GAAP gross margin of about 73%, and non-GAAP net losses of 6 cents to 9 cents per share. After FireEye 2Q 2017 earnings were released, the company’s stock surged by as much as 3.47% in after-hours trades, rising to as high as $15.20.
Herbalife 2Q 2017 earnings
On a reported basis, Herbalife 2Q 2017 earnings amounted to $1.61 per share, compared to the year-ago loss of 28 cents per share. Volume points fell 8% year over year to 1.4 billion. In North America, volume points fell 18%, while in the Asia Pacific region, volume points fell 1%. The EMEA region was the only one where volume points grew with a 2% increase. In Mexico, volume points fell 6%, while they were down 14% in South and Central America and 14% in China.
For the third quarter, Herbalife expects adjusted earnings of 65 cents to 85 cents per share and reported earnings of 48 cents to 68 cents per share. For the full year, it now expects $4.30 to $4.70 per share in adjusted earnings and $3.80 to $4.20 per share in reported earnings.
After Herbalife 2Q 2017 earnings were released, the firm’s stock declined by as much as 2.59% to $64.80.