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Symantec CEO Greg Clark quit unexpectedly on Thursday due to a combination of his father's health problems and high workload. On the same day, Symantec warned that the benefits did not match the company's goals.
Earnings for the fourth quarter of 2018 were already below $ 1.19 billion, compared to $ 1.21 billion. years earlier, writes Reuters. Earnings for the first quarter of 2019 will also be below Symantec's expectations. The stock price of the company fell by 13% after the announcements. Stock market analyst calls Reuters news "disastrous".
Symantec seems to be in a difficult situation. Last August, it was announced that the company had said goodbye to eight percent of its employees, or about 1,000 people. In addition, Michael Fey left in November in chief and there seemed to be accounting errors. In addition, Google and Mozilla no longer trust Symantec certificates, although they are still accepted for the moment because many websites still use them.
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