Published on 3 Aug 2022 on Zacks via Yahoo Finance
Mandiant (MNDT) Q2 Loss Narrows, Revenues Surge in Double Digit
Mandiant MNDT posted a non-GAAP loss of 13 cents per share in the second quarter of 2022, missing the Zacks Consensus Estimate of a loss of 10 cents. However, the quarterly loss per share was a penny lower than the year-ago quarter’s loss of 14 cents.
Mandiant’s second-quarter revenues of $137.9 million surpassed the Zacks Consensus Estimate of $132.2 million. Also, the top line registered a 21% increase from the year-ago quarter’s revenues of $113.9 million.
This was Mandiant’s fourth quarterly results following the divestiture of its FireEye Product business. On Oct 8, 2021, the company completed the sale of its FireEye Product business to a consortium led by the private equity firm, Symphony Technology Group, in an all-cash transaction worth $1.2 billion.