TEMPE, Ariz. (AP) _ NortonLifeLock Inc. (NLOK) on Thursday reported fiscal first-quarter profit of $118 million.
The Tempe, Arizona-based company said it had profit of 19 cents per share. Earnings, adjusted for one-time gains and costs, were 31 cents per share.
The results surpassed Wall Street expectations. The average estimate of seven analysts surveyed by Zacks Investment Research was for earnings of 21 cents per share.
The security software maker posted revenue of $614 million in the period, also exceeding Street forecasts. Six analysts surveyed by Zacks expected $598.8 million.
For the current quarter ending in October, NortonLifeLock expects its per-share earnings to range from 31 cents to 35 cents.
NortonLifeLock shares have fallen 13% since the beginning of the year. In the final minutes of trading on Thursday, shares hit $22.16, a climb of slightly more than 8% in the last 12 months.
This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on NLOK at https://www.zacks.com/ap/NLOK
Automated Insights, source Associated Press News