Symantec Corporation Q2 Profit Falls 9%

(RTTNews) - Symantec Corporation (SYMC) released earnings for second quarter that declined from last year.

The company said its bottom line fell to $301 million, or $0.44 per share. This was down from $332 million, or $0.48 per share, in last year's second quarter.

Analysts had expected the company to earn $0.42 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company said revenue for the quarter fell 7.4% to $1.50 billion. This was down from $1.62 billion last year.

Symantec Corporation earnings at a glance:

-Earnings (Q2): $301 Mln. vs. $332 Mln. last year. -Earnings Decline (Y-o-Y): -9.3% -EPS (Q2): $0.44 vs. $0.48 last year. -EPS Decline (Y-o-Y): -8.3% -Analysts Estimate: $0.42 -Revenue (Q2): $1.50 Bln vs. $1.62 Bln last year. -Revenue Change (Y-o-Y): -7.4%

-Guidance: Next quarter EPS guidance: $0.22 - $0.25 Next quarter revenue guidance: $890 - $920 Mln