Symantec Plunges After Warning - TheStreet

Symantec Plunges After Warning

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Internet security company Symantec (SYMC) - Get Report was down 31.5% near midday. After the close Thursday, the company warned that fiscal first-quarter earnings would be 39 to 47 cents per share, well below its previous forecast of 62 to 67 cents.

Symantec also said second-quarter earnings would be flat compared to the previous period. The company said sales have been and foreign exchange issues will hurt results as well.