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McAfee earnings tumble 25% amid one-time charges and guides inline (MFE)

Posted on: Thu, 29 Oct 2009 16:37:00 EDT

Symbols: MFE

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Oct 29, 2009 (SmarTrend(R) News Watch via COMTEX) --
MFE | Quote | Chart | News | PowerRating -- 10/29/2009-McAfee (NYSE:MFE) reported Q3 EPS of 62 cents, topping consensus estimates of 61 cents. Revenues in the quarter rose 18.5% year-over-year to $485.3 million, topping consensus estimates of $486.6 million. McAfee expects Q4 revenues of $505 million - $525 million (vs. consensus estimates of $506.7 million). The company expects Q4 EPS of $0.61 to $0.65 (vs. consensus estimates of $0.63).

Dave DeWalt, McAfee's president and chief executive officer said, "Our focused execution combined with solid demand for leading comprehensive security solutions delivered McAfee's fifteenth consecutive quarter of double-digit, year-over-year revenue growth. We are well positioned both financially and strategically to continue advancing our mission to proactively secure systems and networks worldwide."

Write to Chip Brian at cbrian@tradethetrend.com

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