Juniper beats street, holds steady with second quarter
Juniper Networks beat the street by posting third-quarter pro forma net income of $32.5 million, or 10 cents per share, ahead of the consensus analyst estimate of 7 cents. Actual net loss for the quarter, including charges and amortization, was $29.7 million or 9 cents per share on net revenues of $201.2 million.
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The results roughly mirrored the company’s second-quarter performance, raising hopes that the IP infrastructure market has stabilized. Wall Street reacted positively to the news, sending the company’s stock up almost 27% to $21.06.
--Toby Weber, staff writer
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© 2012 Penton Media Inc.
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