Sourcefire Jumping After Q1 Results
Sourcefire (NASDAQ: FIRE) released its fiscal first-quarter earnings after the closing bell on Monday. On Tuesday, shares are climbing in early trade. At last check, FIRE was up 13.26% to $57.75. The company reported net income of $0.1 million or break even per share, versus $0.5 million or $0.02 per share, in the year ago period.
On an adjusted basis, which is comparable to analysts' consensus, FIRE reported net income of $3.4 million or $0.11 per share, compared to $1.2 million or $0.04 per share, in last year's first quarter. This compared to Wall Street analysts' consensus EPS estimates of $0.08.
Revenues in the quarter were up 50 percent to $46.3 million versus $30.8 million last year. This came in ahead of Street consensus revenue estimates of $41.64 million.
Looking ahead to Q2, the company expects adjusted EPS between $0.12 and $0.14 and revenues of $46.5 million to $48.5 million. Currently, analysts' have Q2 consensus EPS estimates of $0.13 on revenues of $46.46 million.
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