NEW YORK (TheStreet) -- Shares of LifeLock (LOCK) were falling 10.3% to $7.69 Thursday after the identity theft protection company issued a mixed guidance for the third quarter and a soft full year guidance.
LifeLock said it expects earnings of 25 cents to 26 cents a share and revenue of $147 million to $149 million for the third quarter. Analysts expect earnings of 24 cents a share and revenue of $150.2 million for the quarter.
The company expects earnings of 58 cents to 61 cents a share and revenue of $577 million to $582 million for full year 2015. Analysts expect earnings of 64 cents a share and revenue of $585.3 million for the year.
"While we are still early in the process, our updated guidance assumes that the publicity from the lawsuit with the FTC will cause an increase in attrition and headwind to our new member acquisition on a short-term basis," CFO Chris Power said of the company's guidance in a statement.
For the second quarter LifeLock reported earnings of 10 cents a share, above analysts' estimates of 9 cents a share for the quarter. Revenue grew 25.3% year over year to $145 million, above analysts' estimates of $143.63 million.
TheStreet Ratings team rates LIFELOCK INC as a Hold with a ratings score of C-. TheStreet Ratings Team has this to say about their recommendation:
"We rate LIFELOCK INC (LOCK) a HOLD. The primary factors that have impacted our rating are mixed -- some indicating strength, some showing weaknesses, with little evidence to justify the expectation of either a positive or negative performance for this stock relative to most other stocks. The company's strengths can be seen in multiple areas, such as its robust revenue growth, largely solid financial position with reasonable debt levels by most measures and good cash flow from operations. However, as a counter to these strengths, we also find weaknesses including deteriorating net income, disappointing return on equity and a generally disappointing performance in the stock itself."
You can view the full analysis from the report here: LOCK Ratings Report