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Symantec provides guidance for FY'19

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Symantec provides guidance for FY'19

Symantec Corp. has provided guidance for the first quarter and the full year of the company's fiscal year 2019.

For the fiscal first quarter, the company anticipates non-GAAP EPS to be in the range of 31 cents to 35 cents. Non-GAAP revenue for the quarter is expected to be between $1.14 billion and $1.17 billion.

The S&P Capital IQ consensus normalized EPS estimate for the period is 33 cents.

For the full fiscal year 2019, Symantec expects non-GAAP EPS to be between $1.50 and $1.65. Non-GAAP revenue for the year is expected to be between $4.76 billion and $4.90 billion.

The S&P Capital IQ consensus normalized EPS estimate for the fiscal year 2019 is $1.60.

Symantec also reported financial results for the fourth quarter and the full year of the company's fiscal year 2018.

The company reported a net loss of $35 million, or a loss of 6 cents per share, for the fiscal fourth quarter, compared with a net loss of $143 million, or a loss of 23 cents per share, in the prior-year quarter.

Non-GAAP net income for the quarter was $310 million, or 46 cents per share, compared with $184 million, or 28 cents per share, in the prior-year period.

The S&P Capital IQ consensus normalized EPS estimate for the quarter was 39 cents.

For the fiscal full year 2018, the company reported net income of $1.16 billion, or $1.74 per share, versus a net loss of $106 million, or a loss of 17 cents per share, in the previous fiscal year.

Non-GAAP net income for the fiscal year was $1.13 billion, or $1.69 per share, versus $762 million, or $1.18 per share, a year ago.

The S&P Capital IQ consensus normalized EPS estimate for the fiscal year was $1.62.