Symantec announces $1 billion share buyback plan
(Reuters) – Symantec Corp , best known for its Norton antivirus software, announced a new $1 billion share buyback program on Thursday.
The company, whose security products usually come bundled with PCs, also reported a 3.9 percent fall in third-quarter revenue to $1.64 billion.
Symantec’s net income attributable to shareholders fell to $222 million, or 32 cents per share, in the third quarter ended Jan. 2, from $283 million, or 40 cents per share, a year earlier.
(Reporting by Arathy S Nair and Abhirup Roy in Bengaluru; Editing by Joyjeet Das)