NortonLifeLock Inc. Q1 adjusted earnings Beat Estimates

NortonLifeLock Inc. (NLOK) revealed earnings for its first quarter that increased from last year.

The company's profit totaled $181 million, or $0.31 per share. This compares with $118 million, or $0.19 per share, in last year's first quarter.

Excluding items, NortonLifeLock Inc. reported adjusted earnings of $248 million or $0.42 per share for the period.

Analysts had expected the company to earn $0.41 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter rose 11.7% to $686 million from $614 million last year.

NortonLifeLock Inc. earnings at a glance:

-Earnings (Q1): $248 Mln. vs. $188 Mln. last year.
-EPS (Q1): $0.42 vs. $0.31 last year.
-Analysts Estimate: $0.41
-Revenue (Q1): $686 Mln vs. $614 Mln last year.

Next quarter EPS guidance: $0.41 to $0.43
Full year EPS guidance: $1.65 to $1.75

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