Symantec Reports Third Quarter Fiscal Year 2016 Results
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Symantec (SYMC) Tops Q3 EPS by 2c; Announces $500M Investment from Silver Lake
February 4, 2016 4:08 PM ESTSymantec (NASDAQ: SYMC) reported Q3 EPS of $0.26, $0.02 better than the analyst estimate of $0.24. Revenue for the quarter came in at $909 million versus the consensus estimate of $905.81 million.
Symantec and Silver Lake, the global leader in technology investing, today announced that Silver Lake will make a $500 million strategic investment in Symantec. In connection with Silver Lakes investment, the Symantec Board has increased the Companys total capital return program to $5.5 billion. Through this capital return, Symantec will return to its shareholders funds representing all of the after-tax cash proceeds from the recent... More
