McAfee's Q1 Top Line Beats, But Bottom Line Misses

Apr.25.08 | About: McAfee Inc. (MFE)

McAfee (MFE) turned in a mixed first quarter financial performance.

The security software company reported revenues of $369.6 million, nicely ahead of the consensus of $352.3 million. But non-GAAP profits of 43 cents a share were two pennies shy of the Street’s numbers.

For Q2, McAfee sees revenue of $360 million to $375 million, ahead of the Street at $356.9 million, with non-GAAP profits of 42-47 cents a share, compared with the Street at 46 cents.

For the full year, McAfee expects non-GAAP profits of $1.85 to $1.95 a share; the Street has been looking for $1.93.

In after hours trading, MFE was down 62 cents to $35.01, erasing most of the regular session gain of 65 cents.