FX.co ★ Gen Digital Inc. Q1 Profit Inline With Estimates

Gen Digital Inc. (GEN) announced its first-quarter earnings, which aligned with Wall Street expectations.

The company reported net earnings of $181 million, or $0.29 per share, consistent with $187 million, or $0.29 per share, recorded in the first quarter of the previous year.

On an adjusted basis, Gen Digital Inc. posted earnings of $335 million, equating to $0.53 per share.

Thomson Reuters data indicated that analysts, on average, also anticipated earnings of $0.53 per share, excluding special items.

Quarterly revenue increased by 2.3%, reaching $965 million, up from $943 million in the prior-year period.

Gen Digital Inc.'s financial summary (GAAP) is as follows:

- **Earnings (Q1)**: $181 million, compared to $187 million last year.

- **Earnings per Share (Q1)**: $0.29, consistent with $0.29 last year.

- **Revenue (Q1)**: $965 million, compared to $943 million last year.

### Guidance:

- **Next Quarter EPS**: $0.53 to $0.55

- **Next Quarter Revenue**: $965 to $975 million

- **Full Year EPS**: $2.17 to $2.23

- **Full Year Revenue**: $3.89 to $3.93 billion