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Sergey Savastiouk's Avatar
published in Blogs
Feb 01, 2019
TickeronGET DAILY SIGNALS

Symantec (SYMC, $21.02) beats earnings and revenue estimates in latest quarter; stock jumps +5.8% in early trading

Symantec Corp. reported adjusted earnings of 44 cents a share in the third quarter, beating analysts' expectation of 39 cents a share. At $1.21 billion, revenues too outpaced Wall Street estimates of $1.18 billion.

For the current quarter ending in March, the cybersecurity software company projects earnings to be in the range of 37 cents to 41 cents a share. The company is expecting revenue in the range of $1.19 billion to $1.22 billion for the fiscal fourth quarter. Analysts’ revenue expectation is $1.21 billion. 

For the full-year, Symantec expects full-year earnings in the range of $1.57 to $1.61 a share, and revenue between $4.76 billion and $4.79 billion.

Symantec shares climbed +5.84% in early Friday.

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General Information

a software devloper that provides security, storage and systems management solutions

Industry PackagedSoftware

Profile
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Industry
Packaged Software
Address
350 Ellis Street
Phone
+1.650.527.8000
Employees
13000
Web
http://www.symantec.com
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