Investing.com - NortonLifeLock reported on Thursday third quarter earnings that beat analysts' forecasts and revenue that topped expectations.
NortonLifeLock announced earnings per share of $0.25 on revenue of $618M. Analysts polled by Investing.com anticipated EPS of $0.08 on revenue of $607.82M. That with comparison to EPS of $0.44 on revenue of $1.22B in the same period a year before.NortonLifeLock had reported EPS of $0.18 on revenue of $608M in the previous quarter.Analysts are expecting EPS of $0.06 and revenue of $611.14M in the upcoming quarter.
NortonLifeLock shares are up 19% from the beginning of the year and are trading at $18.27 , down-from-52-week-high.They are outperforming the S&P 500 which is up 3.12% year to date.
NortonLifeLock shares gained 3.75% in after-hours trade the report.
NortonLifeLock follows other major Technology sector earnings this month
NortonLifeLock's report follows an earnings beat by Apple on Tuesday, January 28, 2020, who reported EPS of $4.99 on revenue of $91.82B, compared to forecasts EPS of $4.54 on revenue of $88.51B.
Microsoft had beat expectations on Wednesday, January 29, 2020 with second quarter EPS of $1.51 on revenue of $36.91B, compared to forecast for EPS of $1.05 on revenue of $32,512M.
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