NEW YORK (CNNfn) - Fiber-optic network developer Ciena Corp. on Thursday posted improved fiscal third quarter profit and revenue that both edged Wall Street expectations, as the company said it expects to see continued growth despite a spending slowdown by telecom customers.
Ciena earned $58 million, or 17 cents a share, in the quarter ended July 31, excluding special items. That's up from $28.8 million, or 10 cents a share, earned on the same basis a year earlier. Analysts surveyed by earnings tracker First Call were looking for EPS of 16 cents.
Revenue at the company, which makes systems that increase the capacity of long-distance fiber-optic networks, rose to $458.1 million, nearly double the $233.3 million it posted in the year-earlier period. First Call's forecast was for sales of $455.4 million.
Puh, ein kleiner Silberstreif...
Grüße Pavian
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