Arris Reports Q2 Earnings With Moto Home
SUWANEE, Ga. -- ARRIS Group, Inc. (NASDAQ:ARRS), today announced preliminary and unaudited financial results for the second quarter 2013.
On April 17, 2013 the Company closed the acquisition of Motorola Home. As a result, comparisons to prior periods will be significantly impacted.
Revenues in the second quarter 2013 were $1,000.4 million as compared to second quarter 2012 revenues of $349.3 million and as compared to first quarter 2013 revenues of $353.7 million. The Company estimates that prior to the close of the acquisition, Motorola Home recorded approximately $66 million of revenue in the second quarter. Through the first two quarters of 2013 and 2012, revenues were $1,354.0 million and $652.2 million, respectively. As previously disclosed, the first quarter 2013 revenue reflects a $13.2 million reduction related to Comcast's investment in ARRIS associated with the Company's acquisition of Motorola Home.
Arris Group Inc.