ARRIS Group, Inc. (ARRS) Tops Q1 EPS by 2c; Issues Strong Q2 Outlook

ARRIS Group, Inc. (NASDAQ: ARRS) reported Q1 EPS of $0.47, $0.02 better than the analyst estimate of $0.45. Revenue for the quarter came in at $1.23 billion versus the consensus estimate of $1.18 billion.

Order backlog at the end of the first quarter 2014 was $996.1 million as compared to $282.1 million and $538.6 million at the end of the first quarter 2013 and the fourth quarter 2013, respectively. The Company's book-to-bill ratio in the first quarter 2014 was 1.37 as compared to the first quarter 2013 of 1.17 and the fourth quarter 2013 of 1.01.

Sees Q2 revs of $1.41 - $1.45 billion and EPS of $0.64 - $0.70. The Street sees revs of $0.50 and revs of $1.22 billion.

For earnings history and earnings-related data on ARRIS Group, Inc. (ARRS) click here.

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