Symantec (SYMC) Misses Q4 EPS by 1c

Symantec (NASDAQ: SYMC) reported Q4 EPS of $0.43, $0.01 worse than the analyst estimate of $0.44. Revenue for the quarter came in at $1.55 billion versus the consensus estimate of $1.56 billion.

“With the progress we made in FY15, our businesses have the necessary focus to thrive and we are already seeing the benefits. Setting aside currency headwinds, continued growth in both implied billings and deferred revenue underscores the momentum in our businesses. Our endpoint protection, data loss prevention, NetBackup appliances and NetBackup software all outperformed the market this quarter.”

Thomas Seifert, executive vice president and CFO, said, “Symantec returned to growth and expanded operating margin year-over-year in constant currency during the fourth quarter. We continued to improve our cost structure, and over the year delivered more than $150 million of incremental profit from our revenue and efficiency initiatives. Additionally, the Veritas separation is progressing on schedule.”

For earnings history and earnings-related data on Symantec (SYMC) click here.

You May Also Be Interested In

• Tesla plans 'flying' Roadster stunt at SpaceX Texas site as early as August
• SVB & T Corporation (SVBT) Tops Q2 EPS by 275c
• Hydrofarm Holdings Group, Inc. (HYFM) Misses Q2 EPS by 134c