16:23 ET Juniper Ntwks (JNPR) 17.80 -0.30 (-1.7%): -- Update -- Announced Q4 EPS of $0.05, in line with consensus; revs of $151.0 mln were lighter than consensus of $152.86 mln.
Revenue fell nearly 49 percent to $151 million.
Juniper Networks posts $5.1 mln 4th-qtr net loss
SUNNYVALE, Calif., Jan 15 (Reuters) - Network equipment maker Juniper Networks Inc. (NasdaqNM:JNPR - news) on Tuesday reported a fourth-quarter net loss because of a number of one-time charges and the extended drop-off in capital spending by Internet service providers and telecommunications carriers.
The company, which last month slashed its earnings and revenue outlook for the quarter, reported a net loss of $5.1 million, or 2 cents a share, compared with net income of $62.2 million, or 18 cents a share a year earlier. Revenue fell nearly 49 percent to $151 million.
Excluding charges, Juniper reported earnings of $15.9 million, or 5 cents per share, down from $84.6 million, or 24 cents per share, a year earlier.
Analysts had been looking for Juniper, the No. 2 maker of Internet gear behind Cisco Systems Inc. (NasdaqNM:CSCO - news), to report earnings before charges of between 4 and 8 cents per share, with a mean forecast of 5 cents, according to research firm Thomson Financial/First Call. Ahead of its Dec. 20 profit warning, analysts had expected 10 cents. |
