FireEye (NASDAQ:FEYE) plunges 10.6% after reporting downside Q2 EPS with a narrow revenue beat. The downside Q3 forecast has revenue of $217-221M (consensus: $228.84M) and EPS from $0 to $0.02 (consensus: $0.07).
The FY outlook includes a 73% gross margin (consensus: 74.9%) and an operating margin between -1% and 0% with billings of $935-955M.
Q2 billings totaled $221M. FEYE missed gross margin estimates with 72% versus 74.5%.
Earnings call starts at 5 PM ET with a webcast here.
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