Gen Digital's (GEN) Q3 results reflect strong customer growth and the benefits of the global business expansion and the Avast acquisition, leading to year-over-year growth in revenues and bookings.
Gen Digital (GEN) delivered earnings and revenue surprises of 7.14% and 0.73%, respectively, for the quarter ended December 2022. Do the numbers hold clues to what lies ahead for the stock?
Gen Digital's (GEN) Q3 top line is likely to have benefited from the inclusion of the Avast business. However, the equity dilution impact of the Avast acquisition is anticipated to have weighed on EPS.