Symantec reports EPS in-line, revs in-line; guides Q3 EPS in-line, revs below consensus (18.49)
Reports Q2 (Sep) earnings of $0.39 per share, in-line with the Capital IQ Consensus Estimate consensus of $0.39; revenues rose 13.6% year/year to $1.68 bln vs the $1.66 bln consensus. Co issues mixed guidance for Q3, sees EPS of $0.40-0.41 vs. $0.41 Capital IQ Consensus Estimate; sees Q3 revs of $1.700-1.715 bln vs. $1.72 bln Capital IQ Consensus Estimate. Deferred revenue is expected to be in the range of $3.685 billion and $3.705 billion, up 8 to 9 percent year-over-year as reported… “Each of our business segments and regions delivered solid growth. We achieved another quarter of strong year-over-year bookings growth and delivered record September quarter revenue, deferred revenue and earnings per share… Our results were driven by growth in enterprise security and backup, while our consumer business continues to perform well. We continue to effectively integrate and grow our acquired assets, as demonstrated by the authentication business once again generating strong results for the fifth consecutive quarter.”
