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Symantec Corp (SYMC) Tops Q4 EPS by 5c

May 8, 2014 4:38 PM EDT

Symantec Corp (NASDAQ: SYMC) reported Q4 EPS of $0.47, $0.05 better than the analyst estimate of $0.42. Revenue for the quarter came in at $1.65 billion versus the consensus estimate of $1.65 billion.

Symantec Corp sees FY2015 EPS of $1.84-$1.92, versus the consensus of $1.83. Symantec Corp sees FY2015 revenue of $6.63-6.77 billion, versus the consensus of $6.66 billion.

Symantec Corp sees FY2014 EPS of $0.41-$0.43, versus the consensus of $0.43. Symantec Corp sees FY2014 revenue of $1.65-1.69 billion, versus the consensus of $1.64 billion.

“Our fourth quarter results, led by better performance from our sales teams and cost reductions, demonstrate the underlying health of our business,” said Michael Brown, Symantec interim president and chief executive officer. “In the new leadership team’s first 40 days, we’ve taken important steps to accelerate the pace of our transformation. There are substantial opportunities for us to improve our growth profile, maximize profitability and create value, and I’m confident we have the right team and plans in place to achieve our objectives.”

Thomas Seifert, executive vice president and chief financial officer, added, “We see further opportunities to streamline our operations and drive ongoing operating margin expansion, with the near-term goal of achieving 30 percent non-GAAP operating margin by 4Q15. We will also continue to return significant capital to shareholders while maintaining a strong balance sheet.”

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



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