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Symantec Shares Tumble on Weak Outlook

Stock quotes in this article: SYMC , EMC , MFE  

Shares of Symantec (SYMC Quote) tumbled more than 15% in trading Thursday after it said sales could be sluggish in the current quarter because of the slowdown in the global economy.

The stock fell $2.34, or 15.83%, to $12.47, well below their 52-week high of $22.80, after it posted mixed second-quarter results Wednesday.

While the company's second-quarter profits almost triple on strong sales of storage and server management software, its company's security software business was sluggish. ...

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