Gen Digital Inc. Q2 Profit Increases, Inline With Estimates

(RTTNews) - Gen Digital Inc. (GEN) revealed earnings for its second quarter that increased from last year in line with the Street estimates.

The company's earnings came in at $161 million, or $0.26 per share. This compares with $147 million, or $0.23 per share, in last year's second quarter.

Excluding items, Gen Digital Inc. reported adjusted earnings of $336 million or $0.54 per share for the period.

Analysts on average had expected the company to earn $0.54 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter rose 3.1% to $974 million from $945 million last year.

Gen Digital Inc. earnings at a glance (GAAP) :

-Earnings (Q2): $161 Mln. vs. $147 Mln. last year. -EPS (Q2): $0.26 vs. $0.23 last year. -Revenue (Q2): $974 Mln vs. $945 Mln last year.

-Guidance: Next quarter EPS guidance: $0.54 to $0.56 Next quarter revenue guidance: $980 to $990 Mln Full year EPS guidance: $2.18 to $2.23 Full year revenue guidance: $3,905 to $3,930 Mln