Symantec Shares Rally As Earnings Beat Wall Street's Expectations

By Sue ChangMarketsMarketWatch Pulse

Shares of Symantec Corp. rallied in Thursday's extended session after the cybersecurity company posted better-than-expected quarterly earnings. Symantec reported its fiscal first-quarter earnings rose to $135 million, or 22 cents a share, from $117 million, or 17 cents a share, a year earlier. Excluding certain items, the company would have earned 29 cents a share. Revenue fell 3% to $884 million. Analysts surveyed by FactSet had forecast earnings of 25 cents a share on revenue of $877 million. For the current quarter, the company expects revenue of $960 million to $990 million and earnings per share of 18 cents to 21 cents on an adjusted basis. Symantec climbed 4.9% after hours.

Copyright © 2016 MarketWatch, Inc.

Continue Reading Below