NortonLifeLock (NASDAQ: NLOK) today announced its merger with Avast plc ("Avast" or the "Company") is now expected to close on September 12, 2022, following the issuance of the CMA's final report clearing the transaction.
NortonLifeLock's Acquisition of Avast to Close September 12, 2022
NortonLifeLock (NASDAQ:NLOK) reported its Q1 earnings results on Thursday, August 4, 2022 at 04:15 PM.
Here's what investors need to know about the announcement.
Earnings
NortonLifeLock beat estimated earnings by 4.65%, reporting an EPS of $0.45 versus an estimate of $0.43.
If history is any guide, there may be trouble ahead for shares of NortonLifeLock (NASDAQ:NLOK). A so-called "death cross" has formed on its chart and, not surprisingly, this could be bearish for the stock.