Gen Digital Inc.GEN
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Q1 earnings beat and raised FY2027 guidance
Impact on stocks 1
Cybersecurity & Digital Trust
Gen Digital Inc.Gen Digital reported higher first-quarter earnings and raised its fiscal 2027 guidance. Net income rose to $215 million, or $0.36 per share, from $135 million, or $0.22 per share, a year earlier. Adjusted net revenue increased 11 percent to $1.336 billion. The company now expects full-year adjusted revenue between $5.375 billion and $5.475 billion, up from prior guidance of $5.325 billion to $5.425 billion, and adjusted earnings per share between $2.87 and $2.97, up from $2.85 to $2.95. For the second quarter, Gen Digital forecast adjusted revenue of $1.325 billion to $1.350 billion and adjusted earnings per share of $0.71 to $0.73, and declared a quarterly dividend of $0.125 per share.
Gen Digital Inc.Q1 earnings beat and raised FY2027 guidance