NEW YORK – Security software maker Symantec Corp. on Tuesday cut its forecasts for fiscal third quarter results, citing weakness in its data center management business and higher costs.
Symantec expects quarterly revenue of $1.29 billion to $1.31 billion, compared to its previous forecast of $1.315 billion to $1.345 billion, for the quarter ended December 29. For the March 2007 quarter, it forecast revenue between $1.24 billion and $1.27 billion.
It also forecast fiscal third quarter diluted earnings per share of 10 cents to 11 cents, compared to a previous forecast of 14 cents to 15 cents per share. For the March quarter, it forecast diluted earnings of 4 cents to 6 cents.