Symantec (SYMC)

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Symantec announces fall in Q2 profit; lowers Q3 outlook Symantec announced a 60 percent drop in Q2 profit and also gave a conservative Q3 outlook expecting the present economic conditions in the U.S. to negatively impact the sales of its Norton security software. The company’s net income was $50.4 million, compared to $126.2 million last year. Further, the company expects Q3 earnings of 25-30 cents per share, while analysts estimate EPS of 31 cents.

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