Gen Digital Inc reports results for the quarter ended June 30 - Earnings Summary

• Gen Digital Inc GEN.OQ reported quarterly adjusted earnings of 64 cents​​ per share for the quarter ended June 30, higher than the same quarter last year, when the company reported EPS of 53 cents. The mean expectation of eight analysts for the quarter was for earnings of 60 cents per share. Wall Street expected results to range from 59 cents to 61 cents per share.

• Revenue rose 30.3% to $1.26 billion from a year ago; analysts expected $1.19 billion.

• Gen Digital Inc's reported EPS for the quarter was 22 cents​.

• The company reported quarterly net income of $135 million.

• Gen Digital Inc shares had fallen by 2.4% this quarter and gained 4.8% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 0.3% in the last three months.​

• In the last 30 days, there have been no earnings estimate revisions by analysts covering the company.

RECOMMENDATIONS

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 7 "strong buy" or "buy," 5 "hold" and no "sell" or "strong sell." The average consensus recommendation for the software peer group is also "buy"

• Wall Street's median 12-month price target for Gen Digital Inc is $32.50, about 13% above its last closing price of $28.27

This summary was machine generated from LSEG data August 8 at 03:49 a.m. UTC. ​All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)