![]() ![]() It shocked the bejesus out of the always hopeful Wall Street analysts.Īnd they jumped all over each other lowering their price targets for the shares, now, rather than beforehand so that investors could have gotten out in time. ![]() And it flat-out scrapped the customary and expected question-and-answer part of its conference call with analysts, not only on the topic of the investigation but totally scrapped the Q&A on any topic, which no S&P 500 company may have ever done before.It disclosed that, as result of the investigation, it may have to restate past financial statements and may change guidance in the future.It disclosed that the Board of Directors’ audit committee has launched a mysterious investigation “in connection with concerns raised by a former employee,” that it has advised the SEC, and that it would delay its annual report.It gave a disappointing forecast for its current fiscal year, including nearly flat revenues and “adjusted earnings” below the hopes of Wall Street analysts.The maker of Norton anti-virus software reported revenues that were up 10%, gross profits rose, and the net loss dropped to $35 million compared to $143 million in Q4 last year. He, along with much of his top management team, hailed from Blue Coat Inc., which Symantec had acquired in August 2016 for $4.6 billion. “We are pleased with our fourth quarter results,” and so on and so forth, said Symantec CEO Greg Clark Thursday evening as part of the fourth-quarter earnings report. If you want to enjoy quality.Bain Capital sold Blue Coat Inc. Xfinity sign up account - Feel free to create and manage your personal xfinity comcast account at official website. ![]() Information with photos, videos and text.
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