Gen Digital Inc. (GEN) released a profit for first quarter that Decreased from the same period last year but beat the Street estimates.
The company's bottom line came in at $135 million, or $0.22 per share. This compares with $181 million, or $0.29 per share, last year.
Excluding items, Gen Digital Inc. reported adjusted earnings of $398 million or $0.64 per share for the period.
Analysts on average had expected the company to earn $0.61 per share. Analysts' estimates typically exclude special items.
The company's revenue for the period rose 30.3% to $1.257 billion from $965 million last year.
Gen Digital Inc. earnings at a glance (GAAP) :
-Earnings: $135 Mln. vs. $181 Mln. last year.-EPS: $0.22 vs. $0.29 last year.-Revenue: $1.257 Bln vs. $965 Mln last year.
-Guidance:Next quarter EPS guidance: $0.60 - $0.62Next quarter revenue guidance: $1.180 - $ $1,210 Bn
The company raises FY26 Revenue guidance to $4.800 Bln - $4.900 Bln from $4.700 Bln - $4.800 Bln
The company also raises FY26 EPS to $2.49 to $2.56 from prior guidance of $2.46 to $2.54
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June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.