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Symantec's Executive Turnover, Switch to Sub-Model Leave Reason to Worry

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Investors will look for a silver lining in Symantec's (SYMC) fiscal fourth-quarter earnings report, when the security and data security management company announces results after the close on Thursday. Symantec already lowered its expectations for sales and earnings, and in late April it said it will seek a new CEO, dousing any hopes for an upbeat report.

Symantec lowered guidance for fiscal fourth-quarter sales to $873 million, from a range of $885 million to $915 million. The company forecasts earnings of 22 cents per share, while it had previously suggested earnings would fall between 24 cents and 27 cents per share.

Wall Street is looking for the company to earn 23 cents per share from $877.7 million in sales, according to FactSet.

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CEO Michael Brown, who is stepping down, told investors in a late-April call that Symantec...


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