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Gen Digital Shares Rise 6% After Earnings Beat and Forecast Increase

The Norton parent lifted its annual revenue and earnings outlook. CEO Vincent Pilette said the company recorded its highest retention rate.

A speakerphone sits alone on a bare conference table / TokenPost.ai
A speakerphone sits alone on a bare conference table / TokenPost.ai

Gen Digital shares rose 6% before the U.S. market opened Thursday after quarterly results exceeded expectations and the company raised its annual revenue and earnings forecasts.

CEO Vincent Pilette said during a conference call that Gen Digital recorded its highest retention rate.

The results follow a TokenPost earnings preview that included Gen Digital among companies expected to beat analyst consensus.

John Kim

John Kim reports on the digital-asset business for TokenPost. Send corrections or tips to info@tokenpost.com.

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