=Symantec (SYMC) reported earnings on Thur 1 Nov 2018 (a/h)

Symantec beats by $0.09, beats on revs; guides Q3 EPS in-line, revs in-line; reaffirms FY19 EPS guidance, revs guidance

Reports Q2 (Sep) earnings of $0.42 per share, excluding non-recurring items, $0.09 better thanthe S&P Capital IQ Consensus of $0.33; revenues fell 7.2% year/year to $1.18 bln vs the $1.14 bln S&P Capital IQ Consensus.

Co issues in-line guidancefor Q3, sees EPS of $0.37-0.41, excluding non-recurring items, vs. $0.39 S&P Capital IQ Consensus; sees Q3 revs of $1.16-1.19 bln, excluding non-recurring items, vs. $1.19 bln S&P Capital IQ Consensus.

Coreaffirms guidancefor FY19, sees EPS of $1.47-1.57, excluding non-recurring items, vs. $1.51 S&P Capital IQ Consensus; sees FY19 revs of $4.67-4.79 bln, excluding non-recurring items, vs. $4.73 bln S&P Capital IQ Consensus.

Subsequent to the release of our financial results for the first quarter fiscal year 2019 on August 2, 2018, we revised our fourth quarter of fiscal year 2018 and first quarter of fiscal 2019 unaudited financial information to reflect the adjustments related to the completion of our Audit Committee investigation on September 24, 2018, as well as the completion of the audit of our fiscal year 2018 financial statements. These adjustments included a deferral of revenue resulting from further management review of a transaction that was reviewed by the Audit Committee during the investigation, certain adjustments to stock-based compensation and certain other operating expense and income tax adjustments. We have revised our financial results for the fourth quarter and fiscal year 2018 and first quarter fiscal year 2019 in our earnings materials posted to our investor relations website to reflect these adjustments.