Cybersecurity firm FireEye (NASDAQ: FEYE) reported first-quarter 2020 earnings results on Tuesday after the regular trading hours. For the quarter, the company reported losses that were two cents narrower than expected on revenues that topped estimates.
In a statement, CFO Frank Verdecanna said, “Given the uncertainty regarding the duration and impact of COVID-19, we are withdrawing our billings and operating cash flow guidance for the full year 2020. In addition, the guidance that we are providing for Q2 2020 and the full year 2020 comes with the caveat that there is significant uncertainty caused by the COVID-19 pandemic, and that actual results could differ materially from our outlook.”
FEYE stock fell 6.3% immediately following the announcement. The stock has lost 32% of its value since the start of this year.
Competitor Fortinet (NASDAQ: FTNT) is scheduled to announce quarterly results on May 6.
Nutanix (NASDAQ: NTNX) reported first-quarter 2021 financial results after the regular trading hours on Monday. The software firm reported Q1 revenue of $312.8 million, down 0.6% year-over-year, but higher than
Urban Outfitters, Inc. (NASDAQ: URBN) reported third quarter 2021 earnings results today. Net sales decreased 1.8% year-over-year to $970 million. Net income was $77 million, or $0.78 per share, compared to
After starting the week on a positive note, major stock indexes witnessed volatility and slipped mid-week. Meanwhile, the S&P 500 index regained a part of the lost momentum and closed