12.05.2016 22:37:55

Symantec Corporation Reveals 28% Decline In Q4 Bottom Line

(RTTNews) - Symantec Corporation (SYMC) revealed a profit for fourth quarter that lost ground from last year.

The company said its profit declined to $147 million, or $0.22 per share. This was lower than $203 million, or $0.29 per share, in last year's fourth quarter.

Analysts had expected the company to earn $0.23 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company said revenue for the quarter fell 6.0% to $873 million. This was down from $929 million last year.

Symantec Corporation earnings at a glance:

-Earnings (Q4): $147 Mln. vs. $203 Mln. last year. -Earnings Decline (Y-o-Y): -27.6% -EPS (Q4): $0.22 vs. $0.29 last year. -EPS Decline (Y-o-Y): -24.1% -Analysts Estimate: $0.23 -Revenue (Q4): $873 Mln vs. $929 Mln last year. -Revenue Change (Y-o-Y): -6.0%

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