Security and storage software vendor Symantec takes non-cash write-down for its third quarter, ended Jan. 2, leaving it with a loss of US$6.81 billion for the quarter. Excluding charges, the company blew past expectations, posting earnings of $350 million, or $0.42 per share. Revenue was down compared to last year’s third quarter in most segments of the world, except the U.S., Latin America and Canada. CEO: “I can’t forecast what’s going to happen in the economy””]
Source: https://www.csoonline.com/article/2123669/symantec-posts-big-loss.html