Investing.com - NortonLifeLock Inc reported on Thursday first quarter earnings that beat analysts' forecasts and revenue that fell short of expectations.
NortonLifeLock Inc announced earnings per share of $0.45 on revenue of $707M. Analysts polled by Investing.com anticipated EPS of $0.4263 on revenue of $710M.
NortonLifeLock Inc shares are up 2% from the beginning of the year and are trading at $26.39 , down-from-52-week-high.They are outperforming the Nasdaq which is down 18.69% from the start of the year.
NortonLifeLock Inc shares lost 0.79% in after-hours trade the report.
NortonLifeLock Inc follows other major Information Technology sector earnings this month
NortonLifeLock Inc's report follows an earnings beat by Apple on Thursday, July 28, 2022, who reported EPS of $1.2 on revenue of $82.96B, compared to forecasts EPS of $1.16 on revenue of $82.79B.
Microsoft had missed expectations on Tuesday, July 26, 2022 with fourth quarter EPS of $2.23 on revenue of $51.87B, compared to forecast for EPS of $2.29 on revenue of $52.38B.
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