- NortonLifeLock (NASDAQ:NLOK) shares climb 4.1% after reporting fiscal Q4 beats with upside guidance, a buyback boost, and a declared dividend.
- In FQ4, revenue was up 9% Y/Y to a record $672M and $0.40 EPS, topping estimates by $0.10.
- Operating margin was up 900 bps on the year to 50.5%.
- Direct customer count was up 2.8M to 23M.
- Consumer reported billings increased 17% to $748M.
- Buyback: The board approves an incremental share repurchase program of up to $1.5B. The amount will be added to the $274M remaining from the last authorization.
- The board also declared a quarterly cash dividend of $0.125 per share to be paid on June 23 to all shareholders of record as of the close of trading on June 9.
- For FQ1, NLOK forecasts revenue of $680-690M, above the $657.18B consensus, and $0.40-0.42 EPS vs. the $0.39 consensus.
- Earnings press release.