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SUNNYVALE, Calif. (AP) — Juniper Networks Inc. (JNPR) on Thursday said fourth-quarter profit of $30.eight million.
On a per-share foundation, the Sunnyvale, California-primarily based company pointed out it had earnings of 9 cents. salary, adjusted for one-time features and costs, got here to 55 cents per share.
The consequences beat Wall road expectations. The average estimate of eight analysts surveyed by means of Zacks funding analysis become for earnings of 54 cents per share.
The computing device community machine maker posted income of $1.22 billion in the length, also surpassing highway forecasts. five analysts surveyed with the aid of Zacks expected $1.19 billion.
For the 12 months, the company mentioned profit of $257.eight million, or seventy seven cents per share. profits turned into virtually unchanged at $4.45 billion.
For the latest quarter ending in April, Juniper expects its per-share income to range from 20 cents to 30 cents.
The business talked about it expects profits in the latitude of $1 billion to $1.11 billion for the fiscal first quarter. Analysts surveyed via Zacks had anticipated salary of $1.04 billion.
Juniper shares have extended sixteen% in view that the starting of the 12 months, while the ordinary & poor's 500 index has risen very nearly 1%. within the remaining minutes of buying and selling on Thursday, shares hit $26.eleven, a climb of 12% in the final twelve months.
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