GEN - Why Norton Parent Gen Digital Shares Are Plummeting Today | Benzinga
Gen Digital Inc (NASDAQ:GEN) shares are trading lower by over 18% after the company reported worse-than-expected third-quarter FY24 financial results.
Revenue rose 2% Y/Y to $951 million, missing the consensus of $956.2 million. Bookings rose 4% Y/Y to $1.007 billion, up 3% Y/Y in constant currency.
Adjusted operating income increased 6% Y/Y to $558 million and up 7% Y/Y in constant currencies, with margins of 58.7%, up 250 basis points ...