Ciena (CIEN) Tops Q1 EPS by 9c, Sales Miss
Get Alerts CIEN Hot Sheet
EPS Growth %: -81.1%
Financial Fact:
Total revenue: 670.55M
Today's EPS Names:
DGICA, UXIN, TOWN, More
Join SI Premium – FREE
Ciena (NYSE: CIEN) reported Q1 EPS of $0.12, $0.09 better than the analyst estimate of $0.03. Revenue for the quarter came in at $529.2 million versus the consensus estimate of $558.78 million.
Ciena sees Q1 2015 revenue of $585-615 million, versus the consensus of $591.17 million.
“Our first quarter performance is highlighted by continued customer diversification, an expanding portfolio, and strong profitability. While order timing and foreign exchange headwinds impacted revenue in the quarter, we delivered improved gross margin and excellent operating profit," said Gary B. Smith, president and CEO of Ciena. "We are consistently delivering on our business model and are well positioned to capitalize on our leadership in driving an open, global network for the cloud."
For earnings history and earnings-related data on Ciena (CIEN) click here.
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- Bristol-Myers Squibb (BMY) stock slips despite earnings beat
- DTE Energy (DTE) Misses Q1 EPS by 17c
- Union Pacific (UNP) Tops Q1 EPS by 18c
Create E-mail Alert Related Categories
Earnings, Guidance, Hot Earnings, Management CommentsRelated Entities
EarningsSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!