Juniper: 4Q Earnings Snapshot
SUNNYVALE, Calif. (AP) _ Juniper Networks Inc. (JNPR) on Tuesday reported fourth-quarter net income of $192.2 million, after reporting a loss in the same period a year earlier.
The Sunnyvale, California-based company said it had profit of 55 cents per share. Earnings, adjusted for one-time gains and costs, were 59 cents per share.
The results beat Wall Street expectations. The average estimate of 11 analysts surveyed by Zacks Investment Research was for earnings of 57 cents per share.
The computer network equipment maker posted revenue of $1.18 billion in the period, missing Street forecasts. Six analysts surveyed by Zacks expected $1.22 billion.
For the year, the company reported profit of $566.9 million, or $1.60 per share. Revenue was reported as $4.65 billion.
For the current quarter ending in April, Juniper expects its per-share earnings to range from 17 cents to 23 cents.
The company said it expects revenue in the range of $950 million to $1.01 billion for the fiscal first quarter. Analysts surveyed by Zacks had expected revenue of $1.1 billion.
Juniper expects full-year earnings in the range of $1.75 to $1.85 per share.
Juniper shares have risen roughly 4 percent since the beginning of the year, while the Standard & Poor’s 500 index has risen slightly more than 5 percent. In the final minutes of trading on Tuesday, shares hit $27.95, a drop of nearly 2 percent in the last 12 months.