JNPR rallies on this nonsense
Ah yes, the power of Pain
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Juniper sees first-quarter pro-forma EPS 3 cents
SUNNYVALE, Calif., Jan 15 (Reuters) - Juniper Networks Inc. (NasdaqNM:JNPR - news), the No. 2 maker of Internet gear, on Tuesday said it sees earnings before charges of 3 cents a share in its current first quarter.
The company earlier Tuesday reported fourth-quarter earnings excluding charges of $15.9 million, or 5 cents per share, down from $84.6 million, or 24 cents, a year earlier.
Analysts had been looking for Juniper to report earnings before charges of 4 to 8 cents per share, with a mean forecast of 5 cents, according to research firm Thomson Financial/First Call.
Juniper said that including charges it posted a fourth-quarter 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.
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