Ciena Corp. Reports 33% Advance In Q3 Earnings

(RTTNews) - Ciena Corp. (CIEN) reported earnings for its third quarter that gained ground from last year.

The company said its bottom line came in at $67.64 million, or $0.42 per share. This was up from $50.73 million, or $0.37 per share, in last year's third quarter.

Analysts had expected the company to earn $0.38 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company said revenue for the quarter rose 11.2% to $670.55 million. This was up from $602.93 million last year.

Ciena Corp. earnings at a glance:

-Earnings (Q3): $67.64 Mln. vs. $50.73 Mln. last year. -Earnings Growth (Y-o-Y): 33.3% -EPS (Q3): $0.42 vs. $0.37 last year. -EPS Growth (Y-o-Y): 13.5% -Analysts Estimate: $0.38 -Revenue (Q3): $670.55 Mln vs. $602.93 Mln last year. -Revenue Change (Y-o-Y): 11.2%

-Guidance: Next quarter revenue guidance: $700 - $730 Mln