Juniper Networks Q3 Results Top Estimates

(RTTNews) - Juniper Networks, Inc. (JNPR) reported net income for the third quarter of $99.1 million or $0.19 per share, compared to $16.8 million or $0.03 per share for the year-ago quarter.

Excluding items, adjusted net income for he third quarter was $166.3 million or $0.33 per share, compared to $117.9 million or $0.22 per share in the prior year quarter.

Net revenues for the third quarter rose 6% to $1.19 billion from $1.12 billion in the same quarter last year.

Analysts polled by Thomson Reuters expected the company to earn $0.31 per share on revenue of $1.17 billion for the third quarter. Analysts' estimates typically exclude special items.

Looking forward to the fourth quarter, the company forecast revenue of $1.20 billion to $1.23 billion and adjusted earnings of $0.35 to $0.37 per share. Analysts currently expect the company to earn $0.36 per share on revenue of $1.23 billion for the fourth quarter.