Needham & Company Raises Price Target on ARRIS Group (ARRS) Following 2Q Beat
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ARRIS Announces Preliminary and Unaudited Second Quarter 2016 Results
July 27, 2016 4:02 PM EDTSUWANEE, Ga., July 27, 2016 /PRNewswire/ --Â ARRIS International plc (NASDAQ: ARRS)Â today announced preliminary and unaudited financial results for the second quarter 2016.
Second Quarter 2016 Financial Highlights
GAAP revenues were $1.730 billion Adjusted revenues (a non-GAAP measure) were $1.734 billion GAAP net income was $0.44 per diluted share Adjusted net income (a non-GAAP measure) was $0.84 per diluted share End-of-quarter cash resources were $902.9 million Cash from operating activities was $260.8 million Order backlog was... More