Symantec posts fiscal 2nd-quarter earnings, revenue guidance below Wall Street estimates

Symantec fiscal 2Q outlook misses expectations

MOUNTAIN VIEW, Calif. — Security software maker Symantec Corp. on Wednesday issued fiscal second-quarter guidance below Wall Street estimates.

For the three months ending Oct. 1, Symantec forecast adjusted earnings of 27 cents to 28 cents per share. Analysts polled by Thomson Reuters expect profit of 34 cents per share.

Symantec predicted revenue of $1.45 billion to $1.47 billion for the quarter, less than the $1.53 billion analysts forecast.

Shares of Symantec sank $1.17, or 8 percent, to $13.50 in extended trading. Earlier, the stock had shed 32 cents, or 2.1 percent, to end regular trading at $14.67. The stock has ranged from $13.58 to $19.16 over the past year.