Cybersecurity firm FireEye beat earnings expectations Thursday as the company’s fast-growing revenue helped losses narrow, but the financial executive who has overseen the company’s rapid rise is departing for a startup. FireEye reported a net loss of $133.6 million, or 87 cents a share, on sales of $147.2 million, with losses falling to 41 cents a share after adjustments for share-based compensation and other factors. Analysts surveyed by FactSet had expected adjusted earnings of 48 cents a share on sales of $143.2 million. FireEye, which grew sales 56% year over year and decreased losses as a percent of revenue from 83% to 43%, also said Chief Financial Officer Michael Sheridan would leave the company in early August to be CFO “at a private technology company in an unrelated industry.” Frank Verdecanna, vice president of finance, will take over the role on an interim basis as FireEye conducts an external search to replace Sheridan, who has been in the position since 2011. Shares fell 6% in late trading after closing with a 0.5% gain at $47.76.
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