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Symantec Jumps After it Beats the Street


Computer security provider Symantec (SYMC) - Get Symantec Corporation Report was up 7.5% in preopen Instinet trading. After the close Wednesday, the company reported second-quarter earnings of 56 cents per share excluding charges vs. 61 cents in the year-ago period.

Analysts expected a profit of 43 cents per share, according to Thomson Financial/First Call. Including the amortization of charges related to the acquisition of

Axent Technologies

, Symantec posted a loss of 16 cents per share.

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For the third quarter, the company is forecasting earnings, excluding charges, of 60 to 70 cents per share. Analysts expect 60 cents.

Symantec cited increased awareness of the need for computer security and noted that it benefited from recent viruses that prompted sales of antivirus software.