Ruckus Wireless (RKUS) Tops Q2 EPS by 6c; Guides Q3 EPS Above the Street

Ruckus Wireless (NYSE: RKUS) reported Q2 EPS of $0.11, $0.06 better than the analyst estimate of $0.05. Revenue for the quarter came in at $81 million versus the consensus estimate of $79.4 million.

Ruckus Wireless sees Q3 2014 EPS of $0.09-$0.11, versus the consensus of $0.06. Ruckus Wireless sees Q3 2014 revenue of $84-86 million, versus prior guidance of $85 million.

"We are very pleased with our execution in the second quarter as we continue to capitalize on the market needs for carrier-class Wi-Fi. Momentum was strong across both our service provider and enterprise businesses. We delivered strong financial results, reporting revenue, gross margins and EPS above guidance," said Selina Lo, president and chief executive officer, Ruckus Wireless. "Our Smart Wi-Fi technology continues to differentiate us against our competitors, our new products are gaining traction and we are seeing new market drivers that will further our momentum."

For earnings history and earnings-related data on Ruckus Wireless (RKUS) click here.

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