SYMC Symantec Corporation

By Patrick Thomas

Symantec Corp. (SYMC) swung to a profit in its fourth quarter, but revenue declined more than analysts had expected.

The California-based cybersecurity software provider reported a profit of $34 million, or 5 cents a share, compared with a loss of $59 million, or 10 cents a share, a year ago.

The company reported adjusted earnings of 39 cents a share, as analysts polled by FactSet were expecting earnings of 34 cents a share.

Total operating expenses fell to $803 million from $940 million a year earlier. The year-earlier period contained $132 million in restructuring costs.

Revenue fell about 2% to $1.19 billion, slightly less than what analysts had forecast.

For its current fiscal year, the company said it expects revenue between $4.75 billion and $4.89 billion and earnings between 57 cents and 73 cents a share.

For its current quarter, the company expects to generate between $1.17 billion and $1.2 billion in revenue.

Write to Patrick Thomas at patrick.thomas@wsj.com

(END) Dow Jones Newswires

May 09, 2019 16:52 ET (20:52 GMT)

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