ARRIS Group (ARRS) Reports In-Line Q1 EPS

ARRIS Group (NASDAQ: ARRS) reported Q1 EPS of $0.44, in-line with the analyst estimate of $0.44. Revenue for the quarter came in at $1.22 billion versus the consensus estimate of $1.22 billion.

"We are off to a good start in 2015. Our first quarter came in line with our expectations, and we are executing on key elements of our strategy. Notably, we are expanding our product offerings, scale and international reach with the pending acquisitions of both Pace and Active Video Networks. With respect to the second quarter 2015, we expect revenues will grow and will be in the range of $1,270 million to $1,310 million, with adjusted net income per diluted share in the range of $0.53 to $0.58 and GAAP net income per diluted share in the range of $0.17 to $0.22," said Bob Stanzione, ARRIS Chairman and CEO.

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

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