February 5, 2015 / 9:24 PM / in 3 years

Symantec announces $1 billion share buyback plan

(Reuters) - Symantec Corp , best known for its Norton antivirus software, announced a new $1 billion share buyback program on Thursday.

The company, whose security products usually come bundled with PCs, also reported a 3.9 percent fall in third-quarter revenue to $1.64 billion.

Symantec’s net income attributable to shareholders fell to $222 million, or 32 cents per share, in the third quarter ended Jan. 2, from $283 million, or 40 cents per share, a year earlier.

Reporting by Arathy S Nair and Abhirup Roy in Bengaluru; Editing by Joyjeet Das

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