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Symantec Blows Past Estimates Again

 

Updated from 4:59 p.m. EDT

In a repeat of the previous quarter, Symantec(SYMC Quote) reported quarterly results Wednesday that blew away analysts estimates and its own guidance, thanks to strong enterprise and consumer sales.

The Cupertino, Calif.-based security software maker also raised guidance for fiscal year 2003.

Symantec maker reported GAAP net income of $52 million, or 33 cents a share, in the second quarter, compared with a net loss of $11.8 million, or 8 cents a share on a split-adjusted basis, in the same period a year earlier, and net income of $56.6 million, or 36 cents a share, in the first quarter. ...

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