Gen Digital Inc. (GEN) revealed earnings for its second quarter that increased from last year in line with the Street estimates.
The company's earnings came in at $161 million, or $0.26 per share. This compares with $147 million, or $0.23 per share, in last year's second quarter.
Excluding items, Gen Digital Inc. reported adjusted earnings of $336 million or $0.54 per share for the period.
Analysts on average had expected the company to earn $0.54 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.
The company's revenue for the quarter rose 3.1% to $974 million from $945 million last year.
Gen Digital Inc. earnings at a glance (GAAP) :
-Earnings (Q2): $161 Mln. vs. $147 Mln. last year.-EPS (Q2): $0.26 vs. $0.23 last year.-Revenue (Q2): $974 Mln vs. $945 Mln last year.
-Guidance:Next quarter EPS guidance: $0.54 to $0.56Next quarter revenue guidance: $980 to $990 MlnFull year EPS guidance: $2.18 to $2.23Full year revenue guidance: $3,905 to $3,930 Mln
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