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Short Take: Symantec disappoints Street

The utility software company Symantec reported earnings per share of 40 cents before one-time charges for the first-quarter of fiscal year 1999, slightly below Wall Street expectations of 41 cents. The company had net revenues of $153 million, a 13 percent increase over the year-ago quarter. Net loss after the one-time research and development charge was $1.4 million, or 2 cents per share.

The utility software company Symantec reported earnings per share of 40 cents before one-time charges for the first-quarter of fiscal year 1999, slightly below Wall Street expectations of 41 cents. The company had net revenues of $153 million, a 13 percent increase over the year-ago quarter. Net loss after the one-time research and development charge was $1.4 million, or 2 cents per share.