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Symantec (SYMC) Q4 Earnings Match, Revenues Miss Estimates
Symantec Corporation SYMC reported fourth-quarter fiscal 2019 non-GAAP earnings per share (EPS) of 39 cents that matched the Zacks Consensus Estimate and came within the guided range of 37-41 cents. The figure, however, declined 15.2% year over year.
On a non-GAAP basis, Symantec generated revenues of $1.195 billion, which missed the consensus estimate of $1.208 billion. Moreover, revenues were down 2.2% from the year-ago quarter. However, the top line came within the guided range of $1.19-$1.22 billion.
Notably, Symantec altered the name of the Consumer Digital Security segment to Consumer Cyber Safety.
The company benefited from strength in Consumer Cyber Safety segment. However, lower-than-expected bookings resulted in a weak quarter for the Enterprise Security segment, thus dragging the top line.
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https://finance.yahoo.com/news/symantec-...11749.html
![[Bild: SYMCc1dl1829.png]](https://finviz.com/publish/051019/SYMCc1dl1829.png)
Symantec Corporation SYMC reported fourth-quarter fiscal 2019 non-GAAP earnings per share (EPS) of 39 cents that matched the Zacks Consensus Estimate and came within the guided range of 37-41 cents. The figure, however, declined 15.2% year over year.
On a non-GAAP basis, Symantec generated revenues of $1.195 billion, which missed the consensus estimate of $1.208 billion. Moreover, revenues were down 2.2% from the year-ago quarter. However, the top line came within the guided range of $1.19-$1.22 billion.
Notably, Symantec altered the name of the Consumer Digital Security segment to Consumer Cyber Safety.
The company benefited from strength in Consumer Cyber Safety segment. However, lower-than-expected bookings resulted in a weak quarter for the Enterprise Security segment, thus dragging the top line.
...
https://finance.yahoo.com/news/symantec-...11749.html
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