NortonLifeLock Inc. Q4 Profit Decreases But Beats Estimates

NortonLifeLock Inc. (NLOK) revealed earnings for the fourth quarter that decreased from last year but beat the Street estimates.

The company's earnings came in at $120 million, or $0.20 per share. This compares with $194 million, or $0.33 per share, in last year's fourth quarter.

Excluding items, NortonLifeLock Inc. reported adjusted earnings of $271 million or $0.46 per share for the period.

Analysts on average had expected the company to earn $0.45 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter rose 6.5% to $716 million from $672 million last year.

NortonLifeLock Inc. earnings at a glance (GAAP) :

-Earnings (Q4): $120 Mln. vs. $194 Mln. last year.
-EPS (Q4): $0.20 vs. $0.33 last year.
-Analyst Estimates: $0.45
-Revenue (Q4): $716 Mln vs. $672 Mln last year.

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