T-Mobile lifts cash flow forecast floor as customer growth beats estimates
Quarterly revenue reached $23.58 billion, while more than 60% of postpaid lines in new accounts chose top-tier plans, the company's CFO said.
Gen Digital lifts fiscal 2027 sales outlook as quarterly results beat estimates
Shares rose about 7% in extended trading after the cybersecurity company reported $1.37 billion in quarterly revenue.
Gen Digital increased its fiscal 2027 revenue projection on October 28, setting a range of $5.465 billion to $5.515 billion. The company previously expected $5.375 billion to $5.475 billion, while analysts had forecast $5.43 billion.
Quarterly revenue reached $1.37 billion, exceeding the $1.34 billion average analyst estimate compiled by LSEG. Adjusted earnings were 74 cents per share for the quarter ended October 2, above estimates of 72 cents. Its shares gained about 7% in extended trading.
CEO Vincent Pilette said bookings had grown at a double-digit pace for six straight quarters. He said consumers were seeking assistance with AI-driven scams and the expanding use of AI agents.
Pilette also said customer numbers reached records and retention remained healthy in both cybersecurity and financial wellness. Gen Digital's products include Norton, Avast, LifeLock and MoneyLion.