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NortonLifeLock Q4 Results Up from Year Ago, Sets Q1 Guidance -- Stock Up 2% After-Hours

05/10/2021 13:09

04:53 PM EDT, 05/10/2021 (MT Newswires) -- NortonLifeLock (NLOK) on Monday reported an adjusted EPS of $0.40 in Q4, rising from $0.26 a year earlier, and surpassing analyst estimates of $0.38 in a Capital IQ survey.

Revenue grew 9% to $672 million from a year ago, also exceeding the $660.16 million estimate.

For Q1, the company expects non-GAAP revenue of $680 to $690 million and an adjusted EPS of $0.40 to $0.42, against the Street estimate of $0.39 for EPS.

The company also approved an incremental share repurchase authorization of $1.5 billion. Along with the current $274 million authorization remaining, this new authorization increases the total share repurchase remaining to about $1.8 billion.

Price: 21.60, Change: +0.52, Percent Change: +2.47