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Forum - Symantec Corporation - SYMC   

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From: TheNextGoogle (Rep: 525) reply to TheNextGoogleDate: 05/12/2018 14:31
Forum: Symantec Corporation - Msg #206Thread #674008617 (Rec: 0)
Symantec (SYMC) lost a third of its value Friday after the company forecast fiscal 2019 profit and revenue far short of expectations and disclosed an internal investigation driven by concerns raised by a former employee.

For the June quarter, Symantec said it expects adjusted profit of 33 cents at its midpoint of guidance, below estimates of 41 cents. It forecast revenue in a range of $1.135 billion to $1.165 billion vs. estimates of $1.19 billion.

For  full-year fiscal 2019, Symantec forecast revenue in a range of $4.76 billion to $4.9 billion, below estimates of $4.927 billion. The company said it expects adjusted earnings of $1.50 to $1.65 a share, missing views for $1.81.

Audit Committee Investigation
The Company’s financial results and guidance may be subject to change based on the outcome of the Audit Committee investigation. 

https://www.investors.com/news/technology/symantec-earnings-cybersecurity-tech-stocks/?src=A00220&yptr=yahoo
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= Probably has lower to go based on the uncertainty



Re: Some E's Now -



                                                                                   

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End of Message - My Sig:

Made New Forum - "Computer Tech And "Fix-It Stuff" Forum"

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Reply to TheNextGoogle - Msg #2733539 - 05/10/2018 17:59

Some E's Now -
https://finance.yahoo.com/quotes/SYMC,DBX,KOSS,NVDA,MGM/view/view_2
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