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Gen Digital Fiscal Q1 Non-GAAP Net Income, Revenue Rise; Fiscal Q2, 2024 Guidance Set
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Gen Digital Fiscal Q1 Non-GAAP Net Income, Revenue Rise; Fiscal Q2, 2024 Guidance Set
Aug 1, 2024 2:56 PM

05:17 PM EDT, 08/01/2024 (MT Newswires) -- Gen Digital ( GEN ) reported fiscal Q1 non-GAAP net income late Thursday of $0.53 per diluted share, up from $0.47 a year earlier.

Analysts polled by Capital IQ expected $0.53.

Net revenue for the quarter ended June 28 was $965 million, compared with $943 million a year earlier.

Analysts surveyed by Capital IQ expected $965.3 million.

Fiscal Q2 EPS is expected to be in the range of $0.53 to $0.55 on revenue of $965 million to $975 million. Analysts surveyed by Capital IQ expect earnings of $0.54 per share on revenue of $968.3 million.

For fiscal 2025, the company continues to expect EPS in the range of $2.17 to $2.23 on revenue of $3.89 billion to 3.93 billion. Analysts surveyed by Capital IQ expect earnings of $2.20 per share on revenue of $3.91 billion.

Price: 25.50, Change: +0.26, Percent Change: +1.03

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