Ciena Corp. (CIEN) announced earnings for third quarter that fell from last year.
The company’s profit came in at $50.84 million, or $0.34 per share. This compares with $60.01 million, or $0.39 per share, in last year’s third quarter.
Excluding items, Ciena Corp. reported adjusted earnings of $74.25 million or $0.48 per share for the period.
The company’s revenue for the quarter rose 12.4% to $818.82 million from $728.72 million last year.
Ciena Corp. earnings at a glance:
-Earnings (Q3): $74.25 Mln. vs. $56.36 Mln. last year.
-EPS (Q3): $0.48 vs. $0.35 last year.
-Revenue (Q3): $818.82 Mln vs. $728.72 Mln last year.
by RTTNews Staff Writer
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