Symantec: Fiscal 2Q Earnings Snapshot

MOUNTAIN VIEW, Calif. (AP) _ Symantec Corp. (SYMC) on Thursday reported a loss of $8 million in its fiscal second quarter.

On a per-share basis, the Mountain View, California-based company said it had a loss of 1 cent. Earnings, adjusted for one-time gains and costs, were 42 cents per share.

The results exceeded Wall Street expectations. The average estimate of 15 analysts surveyed by Zacks Investment Research was for earnings of 33 cents per share.

The security software maker posted revenue of $1.18 billion in the period, also surpassing Street forecasts. Eleven analysts surveyed by Zacks expected $1.14 billion.

For the current quarter ending in January, Symantec expects its per-share earnings to range from 37 cents to 41 cents.

The company said it expects revenue in the range of $1.16 billion to $1.19 billion for the fiscal third quarter. Analysts surveyed by Zacks had expected revenue of $1.18 billion.

Symantec expects full-year earnings in the range of $1.47 to $1.57 per share, with revenue ranging from $4.67 billion to $4.79 billion.

Symantec shares have declined 33 percent since the beginning of the year, while the Standard & Poor's 500 index has risen 2 percent. In the final minutes of trading on Thursday, shares hit $18.73, a decline of 42 percent in the last 12 months.


This story was generated by Automated Insights ( using data from Zacks Investment Research. Access a Zacks stock report on SYMC at