Gen Digital falls on weak Q4 revenue forecast

Gen Digital

02/02/2024 13:23

** Shares of cybersecurity firm Gen Digital  GEN.O  fall 3%
to $23.20 premarket
    ** GEN expects Q4 revenue to be in the range of $960 mln-970
mln vs. the estimates of $974.40 mln - LSEG data
    ** Projects Q4 adj. EPS in the range of 52-54 cents per
share vs. estimates of 53 cents per share
    ** Co. posted Q3 revenue of $951 million vs analysts'
estimates of $956.20 mln
    ** Says hurt due to sluggish demand for its antivirus
software 
    ** GEN stock up ~6.5% in 2023

 (Reporting by Priyanka.G)
 ((Priyanka.g@thomsonreuters.com))