McAfee Lowers Q4 Guidance
8:12 PM EST Mon. Jan. 23, 2006
McAfee Monday warned that it expects to post a fourth-quarter earnings of 16 cents to 20 cents per share on revenue of about $254 million.
The Santa Clara Calif.-based security vendor in October projected fourth quarter earnings of 33 cents to 39 cents per share on revenue of $255 million to $280 million. Excluding charges, McAfee forecast it would earn 25 cents to 27 cents per share for the quarter. During the same quarter a year ago, McAfee posted net earnings of $38.7 million, or 24 cents a share, on revenue of $244 million.
McAfee is slated to post final results Feb. 9.
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