WASHINGTON (dpa-AFX) - NortonLifeLock Inc. (NLOK) revealed earnings for the fourth quarter that decreased from last year but beat the Street estimates.
The company's earnings came in at $120 million, or $0.20 per share. This compares with $194 million, or $0.33 per share, in last year's fourth quarter.
Excluding items, NortonLifeLock Inc. reported adjusted earnings of $271 million or $0.46 per share for the period.
Analysts on average had expected the company to earn $0.45 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.
The company's revenue for the quarter rose 6.5% to $716 million from $672 million last year.
NortonLifeLock Inc. earnings at a glance (GAAP) :
-Earnings (Q4): $120 Mln. vs. $194 Mln. last year. -EPS (Q4): $0.20 vs. $0.33 last year. -Analyst Estimates: $0.45 -Revenue (Q4): $716 Mln vs. $672 Mln last year.
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