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Here's Why Shares of FireEye Are Jumping Today

TheMotleyFool

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Here's Why Shares of FireEye Are Jumping Today

Shares of FireEye (NASDAQ: FEYE) were skyrocketing this morning after the company outpaced Wall Street's expectations for the second quarter.

As of 11:21 a.m. EDT, FireEye's stock was up 18%.

FireEye released its second-quarter results yesterday. The company's revenue climbed 6% year over year to $230 million, outpacing the consensus estimate by analysts who were expecting $214.6 million. Most importantly, FireEye smashed Wall Street's consensus estimate of an adjusted loss per share of $0.02 and instead reported earnings of $0.09 per share.

Source Fool.com

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