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Arris Profits 13 Cents Per Share In Q4

Light Reading
LR Cable News Wire Feed
Light Reading
2/6/2013
50%
50%

SUWANEE, Ga. -- ARRIS Group, Inc. (NASDAQ: ARRS), today announced preliminary and unaudited financial results for the fourth quarter and full year 2012. Revenues in the fourth quarter 2012 were $344.0 million as compared to fourth quarter 2011 revenues of $281.1 million and as compared to third quarter 2012 revenues of $357.5 million. Full year 2012 and 2011 revenues were $1,353.7 million and $1,088.7 million, respectively. Adjusted net income (a non-GAAP measure) in the fourth quarter 2012 was $0.28 per diluted share, compared to $0.21 per diluted share for the fourth quarter 2011 and $0.22 per diluted share for the third quarter 2012. Adjusted net income was $0.93 per diluted share for the full year 2012 and compares to $0.81 per diluted share for the full year 2011. Arris Group Inc.

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