Gen Digital Q1 Adj $0.53, Inline, Sales $965.00M Miss $965.06M Estimate
Portfolio Pulse from Benzinga Newsdesk
Gen Digital (NASDAQ:GEN) reported Q1 earnings of $0.53 per share, meeting analyst estimates, and sales of $965.00 million, slightly missing the $965.06 million estimate. Earnings increased by 12.77% year-over-year, while sales grew by 2.01%.
August 01, 2024 | 8:08 pm
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Gen Digital reported Q1 earnings of $0.53 per share, meeting analyst estimates, and sales of $965.00 million, slightly missing the $965.06 million estimate. Earnings increased by 12.77% year-over-year, while sales grew by 2.01%.
The earnings report is mixed: while the earnings per share met expectations and showed significant year-over-year growth, the sales figure slightly missed the estimate. This mixed result is likely to have a neutral short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100