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Wednesday, Jul 25
2012, 9:43 AM
More on Symantec's FQ1: The company expects FQ2 revenue of $1.635B-$1.665B and EPS of...
More on Symantec's FQ1: The company expects FQ2 revenue of $1.635B-$1.665B and EPS of $0.35-$0.39, below a consensus of $1.69B and $0.40. FQ1 deferred revenue -4% Q/Q and +2% Y/Y to $3.745B. Consumer security software -1% (hurt by PC weakness), enterprise security +7%, server/storage management -2% (faces tough competition). $301M worth of shares repurchased. SYMC +14.3%, as shares benefit from a single-digit P/E and perhaps the company's CEO change. (PR)