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The 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.