Gen Digital Q2 Adj. EPS Meets Estimates; Maintains FY23 Outlook

RTTNews | 567 วันที่ผ่านมา
Gen Digital Q2 Adj. EPS Meets Estimates; Maintains FY23 Outlook

(RTTNews) - Gen Digital, Inc. (GEN) reported Tuesday that net income for the second quarter surged to $149 million or $0.23 per share from $69 million or $0.12 per share in the prior-year quarter.

Excluding items, adjusted earnings for the quarter was $0.47 per share, compared to $0.45 per share in the year-ago quarter.

Net revenues for the quarter increased 27 percent to $948 million from $748 million in the same quarter last year. Constant currency adjusted revenues were down 28 percent.

On average, analysts polled by Thomson Reuters expected the company to report earnings of $0.47 per share on revenues of $945.10 million for the quarter. Analysts' estimates typically exclude special items.

Looking ahead to the third quarter, the company expects earnings in a range of $0.49 to $0.51 per share on revenues between $950 million and $960 million.

Analysts expect earnings of $0.50 per share on revenues of $961.97 million for the quarter.

For fiscal 2024, the company continues to project earnings in a range of $1.95 to $2.00 per share on revenues between $3.810 billion and $3.835 billion. The Street is looking for earnings of $1.98 per share on revenues of $3.83 billion for the year.

Gen's Board of Directors has also approved a regular quarterly cash dividend of $0.125 per common share to be paid on December 13, 2023, to all shareholders of record as of the close of business on November 20, 2023.

For more earnings news, earnings calendar, and earnings for stocks, visit rttnews.com

แท็ก : GEN
read more
New Zealand Cuts Interest Rate By 25 Bps As Expected

New Zealand Cuts Interest Rate By 25 Bps As Expected

The Reserve Bank of New Zealand reduced its benchmark rate by a quarter-point, as widely expected on Wednesday, as higher trade tariffs and increased policy uncertainties overseas are set to weigh on domestic economic outlook. The Monetary Policy Committee, led by acting governor Christian Hawkesby, decided to cut the Official Cash Rate by 25 basis points to 3.25 percent. The decision was passed
RTTNews | 5 นาทีที่ผ่านมา
NZ Dollar Recovers Against Majors

NZ Dollar Recovers Against Majors

The New Zealand dollar recovered from recent lows against other major currencies in the Asian session on Wednesday.
RTTNews | 35 นาทีที่ผ่านมา
Australian Market Trims Early Gains In Mid-market

Australian Market Trims Early Gains In Mid-market

The Australian stock market is trimming its early gains in mid-market moves on Wednesday, but extending the gains in the previous three sessions, with the benchmark S&P/ASX 200 staying just above 8,400 level, following the broadly positive cues from Wall Street overnight, with gains in energy and technology stocks and a mixed performance in mining and financial stocks.
RTTNews | 1 ชม. 51 นาทีที่ผ่านมา
Asian Markets Mixed Amid Cautious Trades

Asian Markets Mixed Amid Cautious Trades

Asian stock markets are trading mixed on Wednesday, following the broadly positive cues from Wall Street overnight, as traders remain cautious amid the lack of concrete progress toward a broader trade agreement between the US and its trading partners, despite reaching temporary deals with some. The ongoing uncertainty surrounding the US-China trade relations continued to weigh on market sentiment.
RTTNews | 2 ชม. 3 นาทีที่ผ่านมา
Sensex, Nifty Seen Opening On Cautious Note

Sensex, Nifty Seen Opening On Cautious Note

Indian shares may open on a flat note Wednesday as investors weigh global uncertainties and await cues from Nvidia's earnings results and the release of minutes from the Federal Reserve May meeting.
RTTNews | 2 ชม. 45 นาทีที่ผ่านมา
Rebound Predicted For Thai Stock Market

Rebound Predicted For Thai Stock Market

The Thai stock market on Tuesday snapped the two-day winning streak in which it had gained more than 5 points or 0.5 percent. The Stock Exchange of Thailand now rests just above the 1,160-point plateau, although it's likely to open to the upside on Wednesday.
RTTNews | 3 ชม. 17 นาทีที่ผ่านมา
Indonesia Stock Market Poised To Open To The Upside

Indonesia Stock Market Poised To Open To The Upside

The Indonesia stock market bounced higher again on Tuesday, one day after ending the three-day winning streak in which it had climbed more than 120 points or 1.7 percent. more than 120 points or 1.7 percent along the way. The Jakarta Composite Index now rests just beneath the 7,200-point plateau and it may extend its gains on Wednesday.
RTTNews | 3 ชม. 47 นาทีที่ผ่านมา