Gen Digital (GEN) Stock

GENK announced a 9.6% year-over-year drop in comparable sales for Q3, mainly due to hurricanes and competition. However, there was a slight recovery in October, with sales down 4.5%. The GEN Restaurant Group increased its locations to 43 in Q3 and plans to add 4-5 more in Q4, aiming for a growth rate of 27-29% year-over-year, while maintaining strong average unit volumes of $5.5 million despite a 7.5% decline.

Shares of Gen Digital, Inc. (GEN) are increasing as large investors make purchases.

Gen Digital has a strong business model and excellent profits, making it ready for the upcoming changes in its industry. However, it is currently facing a long-term challenge that could impact its future success. By concentrating on its current customers, Gen Digital is set for steady and profitable growth.

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In the second quarter, GEN's earnings increased due to higher revenues, careful spending, and cost savings from the merger between NortonLifeLock and Avast.

The financial results for Gen Digital (GEN) from the quarter ending in September 2024 provide insight into the company's performance. It may also be helpful to compare some important metrics with Wall Street predictions and figures from the same period last year.

Gen Digital (GEN) reported quarterly earnings of $0.54 per share, matching the Zacks Consensus Estimate. This is an increase compared to earnings of $0.47 per share from the same period last year.

GEN's Q2 results are expected to show positive effects from an increasing number of clients, backed by a solid range of products, even with challenges in the economy.

TEMPE, Ariz. and PRAGUE, Oct. 8, 2024 /PRNewswire/ -- Gen Digital Inc. (NASDAQ: GEN) has announced that it will share its financial results for the second quarter of fiscal 2025 on Wednesday, October 30, 2024, after the market closes.