logo
  

NortonLifeLock Outlines Long-term Growth Strategy

NortonLifeLock Inc. (NLOK) outlined long-term growth strategy. The company's board has approved an incremental share repurchase authorization of $1.5 billion. Along with the current $274 million authorization remaining, the new authorization increases the total share repurchase remaining to about $1.8 billion. The authorization has no expiration date.

On a non-GAAP basis, the company expects earnings per share to be in the range of $1.65 to $1.75 and revenue growth of 8% to 10% for fiscal year 2022.

For Non-GAAP Long-Term Objectives 3-5 Years, the company expects earnings per share of about $3 and revenue growth of double-digits.

For comments and feedback contact: editorial@rttnews.com

Business News

Editors Pick
Factory Orders, Job Openings, and Labor Turnover Survey might be the major highlights on Tuesday. Fed speeches also will get attention. Early signs from the U.S. Futures Index suggest that Wall Street might open higher. Asian shares finished broadly up and European shares are progressing. As... North Korea fired a long-range ballistic missile over Japan, evoking international condemnation. The unprovoked surprise launch Tuesday morning did not cause any harm, and the missile fell into the Pacific Ocean, reports said. The missile reportedly covered 4,600 kilometers - a distance enough to target the American island of Guam in the Pacific. This marks Pyongyang's first missile launch over Hospitality company Hilton has teamed with connected fitness platform Peloton Interactive, Inc. to feature Peloton Bikes across its entire U.S. hotel portfolio. In an industry-first partnership, Hilton's nearly all 5,400 U.S. Hilton-branded hotels will feature at least one Peloton Bike in every fitness center by the end of the year.
Follow RTT