Symantec Third Quarter Earnings Sneak Peek
S&P 500 (NYSE:SPY) component Symantec (NASDAQ:SYMC) will unveil its latest earnings tomorrow, Wednesday, January 23, 2013. Symantec provides security, storage and systems management solutions to help businesses and consumers secure and manage their information.
Symantec Earnings Preview Cheat Sheet
Wall St. Earnings Expectations: The average analyst estimate is for net income of 33 cents per share, a decline of 8.3% from the company’s actual earnings for the year-ago quarter. During the past three months, the average estimate has moved down from 37 cents. Between one and three months ago, the average estimate moved down. It has been unchanged at 33 cents during the last month. For the year, analysts are projecting profit of $1.47 per share, a rise of 5.8% from last year.
Past Earnings Performance: Last quarter, the company beat estimates by 8 cents, coming in at net income of 41 cents per share against an estimate of profit of. The company also topped expectations in the first quarter.
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A Look Back: In the second quarter, profit rose 6% to $193 million (27 cents a share) from $182 million (24 cents a share) the year earlier, exceeding analyst expectations. Revenue rose 1.1% to $1.7 billion from $1.68 billion.
Here’s how Symantec traded following its last earnings report 3 months ago and leading up to its upcoming earnings report this week: