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Again Positive Income at the Gen Digital Inc all along the third quarter of 2023 earnings season

GEN recorded third quarter of 2023 operating surplus of $368 millions

Published 2023-03-23T19:52:29+00:00
Goran Soko / CSIMarket.com Contributer

podium_By_James38_(Own_work)_[CC-BY-SA-3.0_(http_creativecommons.org_licenses_by-sa_3.0)]_via_Wikimedia_CommonsThe company has managed to turn into profitability on the shrinking sales, eps was at $0.25 in the third quarter of 2023 earnings season but Revenue declined by -2.119 % to $936.00 millions from the previous year financial reporting period.

From the preceding financial reporting period, EPS grown rapidly from $0.12 per share and Revenues improved by 25.134 % from $748.00 millions.


Gen Digital Inc booked net profits of $165.000 millions in the third quarter of 2023 earnings season an improvement versus a net loss of $-29.316 millions in the similar financial reporting period a year ago. Gen Digital Inc also emphasized it's improving profit margins, where net margin rose to 17.63% in third quarter of 2023 earnings season, and operating margin edged up to 39.32%.
Operating earnings, however, rose 35.2% to $368 millions.

Gen Digital Inc is expected to report next financial results on November 08, 2023.


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Other GEN's Earnings Reports

Gen Digital Inc reported third quarter 2022 earnings

Gen Digital Inc reported second quarter 2022 earnings

Gen Digital Inc reported first quarter 2022 earnings

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