Symantec Rises on Q1 Earnings Results

Shares of Symantec SYMC are trading higher in the after-hours following the release of the company's Q1 earnings results. Currently, shares are bid $19.01, at $19.15, up some 3%; they ended the regular session lower by 3.43%, at $18.41. Symantec reported Q1 Adjusted EPS of $0.40 on revenues of $1.65 billion; the Street was looking for $0.37 per share on revenues of $1.58 billion. Revenues increased 15.4% year over year. The company issued in-line guidance for Q2. "The current threat landscape continues to be toxic and targeted. In addition, information is growing at unprecedented rates. As a result, customers increasingly understand the value of our unique portfolio and are expanding their commitment to Symantec. For the fourth consecutive quarter, we exceeded all of our key financial metrics," said Enrique Salem, president and chief executive officer, Symantec. "We are capitalizing on new growth opportunities in cloud, mobile and virtualization and will continue to deliver new solutions to help both consumers and enterprises securely access and use information across multiple devices and platforms." Symantec Corporation is a global provider of security, storage, and systems management solutions that help businesses and consumers secure and manage their information and identities.