Symantec FQ2 guidance light, FY14 guidance reaffirmed; shares +3.5% AH

|About: Symantec Corporation (SYMC)|By:, SA News Editor

FQ2 guidance is for revenue of $1.65B-$1.69B and EPS of $0.42-$0.44, below a consensus of $1.71B and $0.45.

FY14 guidance for 0%-2% rev. growth and 5%-7% EPS growth (implies range of $1.86-$1.89) is reaffirmed. Consensus is for 1% rev. growth and EPS of $1.89.

Symantec's (SYMC) PC security/mobile software sales (43% of total) -1% Y/Y. Enterprise security (20% of total) +7%, storage software (37% of total) +4%.

Americas sales (55% of total) +3%, EMEA +8%, Asia-Pac -5%.

Deferred revenue balance at $3.81B, -5% Q/Q and +2% Y/Y.

Opex roughly flat Y/Y and -4% Q/Q exc. restructuring costs.

$125M spent on buybacks, same as FQ4.

CC at 5PM ET (webcast)

FQ1 results, PR