Juniper Makes Its Q3 Numbers
For its third quarter, which ended Sept. 30, Juniper reported revenues of $1.11 billion and net income of $83.7 million, or 16 cents per diluted share. For the same quarter in 2010, Juniper reported revenues of $1.01 billion and net income of $134.5 million, or 26 cents per share.
Juniper's non-GAAP earnings of 28 cents per share met analyst expectations, according to Thomson Reuters . But GAAP earnings per share missed by 3 cents, due partly to a $16.8 million charge related to layoffs.
In July, Juniper had braced investors for a difficult second half of the year. Estimates might not have been lowered enough, however. Juniper is predicting fourth-quarter revenues of $1.16 billion to $1.22 billion, whereas analysts were expecting $1.23 billion. Even so, Juniper shares were up 59 cents (2.8%) at $22 in early after-hours trading. (See Juniper Darkens 2011 Outlook.)
— Craig Matsumoto, West Coast Editor, Light Reading