Juniper Networks Reports Q4 Profit Beats Estimates, Revenue Misses
SUNNYVALE, Calif. (AP) - Juniper Networks Inc. (JNPR) reported a fourth-quarter profit of $162 million, beating Wall Street expectations. Earnings, adjusted for one-time items, came to 64 cents per share, surpassing the analyst consensus of 58 cents.
However, revenue came in slightly below forecasts, at $1.4 billion compared to estimates of $1.42 billion. For the full year, the company reported a profit of $287.9 million, or 86 cents per share, on revenue of $5.07 billion.