ARRIS International plc Q2 adjusted earnings Miss Estimates
ARRIS International plc (ARRS) announced earnings for its second quarter that rose from last year.
The company’s profit totaled $35.75 million, or $0.19 per share. This compares with $30.34 million, or $0.16 per share, in last year’s second quarter.
Excluding items, ARRIS International plc reported adjusted earnings of $133.96 million or $0.72 per share for the period.
Analysts had expected the company to earn $0.74 per share, according to figures compiled by Thomson Reuters. Analysts’ estimates typically exclude special items.
The company’s revenue for the quarter rose 4.2% to $1.73 billion from $1.66 billion last year.
ARRIS International plc earnings at a glance:
-Earnings (Q2): $133.96 Mln. vs. $119.88 Mln. last year.
-EPS (Q2): $0.72 vs. $0.63 last year.
-Analysts Estimate: $0.74
-Revenue (Q2): $1.73 Bln vs. $1.66 Bln last year.
by RTTNews Staff Writer
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