-=FireEye (FEYE) reported earnings on Tue 30 July 2019 (a/h)

FireEye misses by $0.02, beats on revs; guides Q3 EPS below consensus, revs below consensus; guides FY19 EPS below consensus, revs below consensus

Reports Q2 (Jun) loss of $0.01 per share, $0.02 worse than the S&P Capital IQ Consensus of $0.01; revenues rose 7.4% year/year to $218 mln vs the $215.45 mln S&P Capital IQ Consensus.

Billings of $221 mln increased 13% from 2Q18 and were at the high end of the range of $207-$222 mln.

Non-GAAP gross margin was 72%, compared to 75% in 2Q18, and was below the guidance range of 74-75%

Co issues downside guidance for Q3, sees EPS of $0.00-$0.02 vs. $0.07 S&P Capital IQ Consensus; sees Q3 revs of $217-$221 mln vs. $228.84 mln S&P Capital IQ Consensus. Sees billings in the range of $245-$255 mln and Non-GAAP gross margin of 72%.

Co issues downside guidance for FY19, sees EPS of $0.00-$0.04 vs. $0.15 S&P Capital IQ Consensus; sees FY19 revs of $865-$875 mln vs. $894.82 mln S&P Capital IQ Consensus. Sees billings in the range of $935-$955 mln.