Symantec Q4 Profit Decreases; Issues Q1 & FY16 Guidance - Quick Facts

(RTTNews) - Symantec Corp. (SYMC) reported fourth-quarter net income of $176 million or $0.25 per share, compared to $217 million or $0.31 per share, prior year. Adjusted earnings per share was $0.43, for the quarter.

On average, 27 analysts polled by Thomson Reuters expected the company to report profit per share of $0.44 for the quarter. Analysts' estimates typically exclude special items.

Revenue decreased to $1.52 billion from $1.63 billion last year. Non-GAAP revenue was $1.55 billion, compared to $1.65 billion. Analysts expected revenue of $1.56 billion for the quarter.

Symantec's Board has declared a quarterly cash dividend of $0.15 per common share to be paid on June 24, 2015 to all shareholders of record as of the close of business on June 10, 2015.

For the first quarter of 2016, the company expects: Revenue of $1.50 billion - $1.54 billion; GAAP EPS of $0.20 - $0.23; and non GAAP EPS of $0.41 - $0.44. Analysts expect the company to report first-quarter earnings per share of $0.45 on revenue of $1.62 billion.

For fiscal 2016, the company expects: Revenue of $6.21 billion - $6.35 billion; EPS of $0.86 - $0.96; and non-GAAP EPS of $1.80 - $1.90. Analysts expect the company to report fiscal 2016 earnings per share of $1.90 on revenue of $6.38 billion.