Investing.com - NortonLifeLock reported on Thursday fourth quarter earnings that beat analysts' forecasts and revenue that topped expectations.
NortonLifeLock announced earnings per share of $0.26 on revenue of $614M. Analysts polled by Investing.com anticipated EPS of $0.19 on revenue of $601.39M. That with comparison to EPS of $0.39 on revenue of $1.2B in the same period a year before.NortonLifeLock had reported EPS of $0.25 on revenue of $618M in the previous quarter.Analysts are expecting EPS of $0.22 and revenue of $615.79M in the upcoming quarter.
NortonLifeLock shares are up 41% from the beginning of the year and are trading at $20.70 , down-from-52-week-high.They are outperforming the Nasdaq which is down 1.06% year to date.
NortonLifeLock shares lost 1.10% in after-hours trade the report.
NortonLifeLock follows other major Technology sector earnings this month
NortonLifeLock's report follows an earnings beat by Microsoft on Wednesday, April 29, 2020, who reported EPS of $1.4 on revenue of $35.02B, compared to forecasts EPS of $1.27 on revenue of $33.76B.
Apple had beat expectations on Thursday, April 30, 2020 with second quarter EPS of $2.55 on revenue of $58.31B, compared to forecast for EPS of $2.24 on revenue of $54.78B.
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