Infoblox Loss Widens On Expenses; Guides Q3 EPS Below Street; Stock Down 6%

(RTTNews) - Automated network control solutions provider Infoblox Inc. (BLOX) said Wednesday its second-quarter net loss widened to $4.4 million or $0.08 per share from $3.2 million or $0.07 per share last year.

Results for the recent quarter included stock-based compensation expense of $10.4 million compared with $5.6 million a year ago.

Excluding items, adjusted earnings for the quarter were $6.6 million or $0.11 per share compared with $3 million or $0.06 per share a year ago.

Revenues for the quarter were up $12% at $60.9 million compared with $54.4 million in the prior year.

Analysts polled by Thomson Reuters estimated earnings of $0.10 per share on revenues of $60.58 million for the quarter. Analysts' estimates typically exclude special items.

Looking ahead to the third quarter, the company expects adjusted earnings of $0.02 to $0.03 per share on revenues of $61 million to $62 million. Analysts expect earnings of $0.06 per share on revenues of $62.51 million.

For fiscal year 2014, the company still expects adjusted earnings of $0.30 to $0.34 per share on revenues of $250 million to $254 million. Analysts expect earnings of $0.34 per share on revenues of $252.82 million.