Symantec (NASDAQ:SYMC) profit gives bulls chances

Symantec gets new foothold

In brief: USA: Symantec (NASDAQ:SYMC) quarterly profit more than doubled, the company becomes a leader.

The world’s largest antivirus software vendor Symantec (NASDAQ:SYMC) reported that net profit in the first fiscal quarter more than doubled to $ 161 million, or 20 cents a share, compared with $ 74 million, or 9 cents a share a year earlier.

Excluding certain items Symantec earnings per share totaled 35 cents, acquitting the average analysts’ forecasts. Revenue for the period almost unchanged and was at $ 1.43 billion, analysts on average expected $ 1.47 billion company also lowered its earnings forecast for the second quarter due to anticipated lower revenue in the weakening of the euro, as well as the postponement of the completion of a number of transactions initiated by customers. So, Symantec expects earnings excluding certain items would be 27-28 cents per share on average analysts’ forecast of 35 cents per share. Revenues are projected the company would be at $ 1.45 billion, analysts on average expect $ 1.47 billion.

Anrey Torbinski
2010-07-29 13:14, Economics.

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One comment к “Symantec (NASDAQ:SYMC) profit gives bulls chances”

  1. strelaoz Says:

    David Freer (VP, Symantec Consumer Business Units – Norton, APJ) is a BIG LIAR! He lied to me for more than two and half years for my true feelings, time, and money. Also kept saying I am the only one in his life. Even this year on Feb. 2, he used company line to lead me to have phone sex with him. Until I found out there’s some other woman, he made up another lie and finally admitted he’s been living with her for a year. Later, I realized they were all lies. He actually has married March 2009. And now he just totally disappeared and not answering any phone calls, acting like “hit & run” irresponsible baby. Can you trust someone like this, with no ethics and integrity? The more unbelievable things are David Freer newly-wed wife – SUZY WALSHAM, she shamefully admitted she was the third person who broke up David Freer & his ex 12 years relationships, and mocking at me as the 3rd “unsuspected” person, as she agreed with his husband’s behaviors!!!!!! SHAME ON both of you, DAVID FREER & SUZY WALSHAM!!!!!!! (THEY BOTH WORK FOR SYMANTEC)

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