ARRIS Group (ARRS) Reports In-Line Q3 EPS
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ARRIS Group (ARRS) Issues Low 4Q Guidance Following 3Q Results; Needham & Company Reiterates Buy
October 29, 2015 6:50 AM EDTNeedham & Company maintained a Buy rating on ARRIS Group (NASDAQ: ARRS), and cut the price target to $34.00 (from $36.00), following the company's 3Q15 earnings results. Revenue of $1.221B was just shy of consensus of $1.232 while NG EPS of $0.56 exceeded consensus of $0.54 aided by ~ $0.02 of non-recurring gain. 4Q15 guidance was for revenue of... More
