Why Shares of NortonLifeLock Jumped Today
Shares of NortonLifeLock (NASDAQ: NLOK) rose on Friday after the consumer cybersecurity company reported its fiscal third-quarter results. The company beat analyst expectations for both revenue and earnings, although its guidance was mixed. The stock was up about 10.8% at 11:25 a.m. EST.
NortonLifeLock reported third-quarter revenue of $618 million, up 0.5% year over year and about $10.6 million higher than the average analyst estimate. Reported billings were up 4% to $649 million. The company said it grew its customer count on a sequential basis for the first time in more than two years.
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Source Fool.com
