7 November 2020
3074
1 min.
4
NortonLifeLock and forecasts
On Thursday, NortonLifeLock Inc. released a report with second quarter results that outperformed analysts. Revenue was higher than projected.
Earnings per share of NLL inc. were $0.36 and earnings per share were $626 million. However, analysts predicted that earnings per share would be around $0.33.
Vincent Pilette commented: "We are satisfied with the results. We are not going to stop".
NortonLifeLock Inc lost 4.54% of shares traded at $21 after market closure, according to the report.
This year, NortonLifeLock Inc. shares rose 49% in value, showing better results than the S&P 500 index overall, rising 8% since the beginning of the year.
NortonLifeLock Inc. follows the general trend of companies in the Technology sector this month
On October 29, Apple reported its fourth quarterly report of $0.73, with a profit of $64.7 billion, compared to a earnings per share forecast of $0.71 for a total of $63.8 billion.
Microsoft earnings surpassed analysts expectations in the first quarter on October 27, with quarterly earnings per share of $1.82 for total earnings of $37.15 billion. Analysts predicted that earnings per share would be 1.54 dollars with a total revenue of 35.76 billion dollars.
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