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Symantec Corporation Q1 Profit Advances 25%

Symantec Corporation (SYMC) released earnings for its first quarter that increased from last year.

The company said its bottom line totaled $221 million, or $0.33 per share. This was up from $177 million, or $0.29 per share, in last year's first quarter.

Analysts had expected the company to earn $0.31 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company said revenue for the quarter rose 39.8% to $1.23 billion. This was up from $0.88 billion last year.

Symantec Corporation earnings at a glance:

-Earnings (Q1): $221 Mln. vs. $177 Mln. last year.
-Earnings Growth (Y-o-Y): 24.9%
-EPS (Q1): $0.33 vs. $0.29 last year.
-EPS Growth (Y-o-Y): 13.8%
-Analysts Estimate: $0.31
-Revenue (Q1): $1.23 Bln vs. $0.88 Bln last year.
-Revenue Change (Y-o-Y): 39.8%

-Guidance:
Next quarter EPS guidance: $0.40 – $0.44
Next quarter revenue guidance: $1,260 – $1,290 Mln
Full year EPS guidance: $1.79 – $1.89
Full year revenue guidance: $5,160 - $5,260 Mln

by RTT Staff Writer

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