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NortonLifeLock: Fiscal 4Q Earnings Snapshot

TEMPE, Ariz. (AP) _ NortonLifeLock Inc. (NLOK) on Thursday reported fiscal fourth-quarter profit of $231 million.

On a per-share basis, the Tempe, Arizona-based company said it had net income of 36 cents. Earnings, adjusted for one-time gains and costs, came to 26 cents per share.

The results exceeded Wall Street expectations. The average estimate of seven analysts surveyed by Zacks Investment Research was for earnings of 19 cents per share.

The security software maker posted revenue of $614 million in the period. Its adjusted revenue was $610 million, also surpassing Street forecasts. Five analysts surveyed by Zacks expected $602.2 million.

For the year, the company reported profit of $3.89 billion, or $6.05 per share. Revenue was reported as $2.44 billion.

For the current quarter ending in July, NortonLifeLock expects its per-share earnings to range from 18 cents to 22 cents.

NortonLifeLock shares have dropped 18% since the beginning of the year. In the final minutes of trading on Thursday, shares hit $20.93, a rise of 7.5% in the last 12 months.


This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on NLOK at https://www.zacks.com/ap/NLOK