Sourcefire Delivers Above-Consensus Quarter
COLUMBIA, Md. (TheStreet) - Sourcefire
Revenue came in at $46.3 million, a 50% hike on the prior year's quarter, and above analysts' forecast of $41.64 million.
|Sourcefire reported first-quarter results after market close.|
Excluding items, Columbia, Md.-based Sourcefire earned 11 cents a share, up from 4 cents a share in the same period last year. Analysts surveyed by Thomson Reuters were looking for earnings of 8 cents a share.
"As we look to the future, we are confident in our ability to capture our share of an expanding market opportunity, and to continue to drive meaningful levels of growth," explained Sourcefire CEO John Burris, in a statement released after market close.
Investors responded positively to the numbers, pushing Sourcefire's shares up $2.71, or 5.31%, to $53.70 in extended trading.
Before the after-hours spike higher, the stock had already doubled in the past year, hitting a 52-week high of $52.54 on Friday.
--Written by James Rogers in New York.
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