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Technology Stocks : Juniper Networks - JNPR -- Ignore unavailable to you. Want to Upgrade?

To: Kayaker who wrote (2752)	10/11/2001 4:24:50 PM
From: Kayaker	Read Replies (1) \| Respond to of 3350

4:22pm 10/11/01 Juniper Networks has net loss for Q3 (JNPR) By Deborah Adamson Internet router maker Juniper Networks reported a net loss for the third quarter compared to a net profit in the like period a year ago, a casualty of reduced capital spending in the telecom sector and a sluggish economy. The company (JNPR) recorded a net loss of $29.7 million, or 9 cents a share in the quarter, compared with a net income of $58.1 million, or 17 cents, a year ago. Revenue came in at $201.7 million vs. $201.2 million. But excluding one-time items, the company had a pro forma profit of $32.5 million, or 10 cents a share, beating by 3 cents the expectations of analysts polled by Thomson Financial/First Call. Last year, Juniper made a profit of $60.3 million, or 17 cents. The company also authorized a $200 million stock buyback program for the next two years. Shares of Juniper were down 3 cents to $16.61 after hours, giving back a little ground after rising 11 percent in the regular session. cbs.marketwatch.com;