Ciena Corp. Profit Advances 52% In Q1

(RTTNews) - Ciena Corp. (CIEN) announced earnings for its first quarter that increased compared to the same period last year.

The company said its bottom line totaled $38.40 million, or $0.26 per share. This was up from $25.23 million, or $0.18 per share, in last year's first quarter.

Analysts had expected the company to earn $0.29 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company said revenue for the quarter rose 8.4% to $621.50 million. This was up from $573.12 million last year.

Ciena Corp. earnings at a glance:

-Earnings (Q1): $38.40 Mln. vs. $25.23 Mln. last year. -Earnings Growth (Y-o-Y): 52.2% -EPS (Q1): $0.26 vs. $0.18 last year. -EPS Growth (Y-o-Y): 44.4% -Analysts Estimate: $0.29 -Revenue (Q1): $621.50 Mln vs. $573.12 Mln last year. -Revenue Change (Y-o-Y): 8.4%

-Guidance: Next quarter revenue guidance: $680 - $710 Mln