Symantec (SYMC) Tops Q3 EPS by 4c

Symantec (NASDAQ: SYMC) reported Q3 EPS of $0.32, $0.04 better than the analyst estimate of $0.28. Revenue for the quarter came in at $1.09 billion versus the consensus estimate of $1.08 billion.

Greg Clark, Symantec CEO, said, “We’re very pleased by our third quarter performance as it shows clear evidence that Symantec’s transformation is producing results and delivering innovation to our customers in the cloud generation. Our Integrated Cyber Defense Platform is resonating with enterprise customers and we closed important wins that underscore the unmatched value of our threat intelligence and the depth of our cloud security stack. We expect to see new momentum in our consumer business with the release of Norton Core, a favorite at CES this year. When joined with LifeLock, we will have created a new Digital Safety Platform to protect consumers’ digital lives and identities.”

Nick Noviello, Symantec CFO, said, “Our third quarter results exceeded our constant currency revenue, operating margin, and EPS guidance. In just two quarters since combining Symantec and Blue Coat we are tracking ahead of schedule on product integrations, cost savings and synergies. We are pleased to be increasing our fiscal year 2017 financial outlook.”

For earnings history and earnings-related data on Symantec (SYMC) click here.

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