Gen Digital shares are trading higher after the company reported Q2 sales that beat analyst estimates and raised its FY25 guidance for both adjusted EPS and revenue.
Portfolio Pulse from Benzinga Newsdesk
Gen Digital's shares rose after the company reported Q2 sales that exceeded analyst expectations and increased its FY25 guidance for adjusted EPS and revenue.
October 31, 2024 | 7:14 pm
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Gen Digital's shares increased due to better-than-expected Q2 sales and an upward revision of FY25 guidance for adjusted EPS and revenue.
The company's Q2 sales exceeded analyst estimates, which is a positive indicator of performance. Additionally, raising the FY25 guidance for both adjusted EPS and revenue suggests confidence in future growth, likely leading to increased investor interest and a positive impact on the stock price.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100