MOUNTAIN VIEW, Calif. (AP) _ Symantec Corp. (SYMC) on Wednesday reported a fiscal first-quarter loss of $133 million, after reporting a profit in the same period a year earlier.
On a per-share basis, the Mountain View, California-based company said it had a loss of 22 cents. Earnings, adjusted for one-time gains and costs, came to 33 cents per share.
The results surpassed Wall Street expectations. The average estimate of 12 analysts surveyed by Zacks Investment Research was for earnings of 30 cents per share.
The security software maker posted revenue of $1.18 billion in the period, which fell short of Street forecasts. Six analysts surveyed by Zacks expected $1.2 billion.
For the current quarter ending in October, Symantec expects its per-share earnings to range from 40 cents to 44 cents.
The company said it expects revenue in the range of $1.23 billion to $1.25 billion for the fiscal second quarter. Analysts surveyed by Zacks had expected revenue of $1.26 billion.
Symantec expects full-year earnings in the range of $1.79 to $1.89 per share, with revenue ranging from $5.04 billion to $5.14 billion.
Symantec shares have increased 29 percent since the beginning of the year, while the Standard & Poor's 500 index has risen 11 percent. In the final minutes of trading on Wednesday, shares hit $30.91, a climb of 49 percent in the last 12 months.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on SYMC at https://www.zacks.com/ap/SYMC
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Keywords: Symantec, Earnings Report