Investing.com - NortonLifeLock (NASDAQ:NLOK) Inc reported on Thursday third quarter earnings that beat analysts' forecasts and revenue that topped expectations.
NortonLifeLock Inc announced earnings per share of $0.44 on revenue of $702M. Analysts polled by Investing.com anticipated EPS of $0.436 on revenue of $701.68M.
NortonLifeLock Inc shares are up 18% from the beginning of the year, still down 12.23% from its 52 week high of $28.92 set on June 10, 2021. They are outperforming the S&P 500 which is down 6.06% from the start of the year.
NortonLifeLock Inc shares gained 2.44% in after-hours trade following the report.
NortonLifeLock Inc follows other major Information Technology sector earnings this month
NortonLifeLock Inc's report follows an earnings beat by Apple on January 27, who reported EPS of $2.1 on revenue of $123.95B, compared to forecasts EPS of $1.9 on revenue of $119B.
Microsoft had beat expectations on January 25 with second quarter EPS of $2.48 on revenue of $51.73B, compared to forecast for EPS of $2.32 on revenue of $50.71B.
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