Ciena Corp. Q4 adjusted earnings of $0.53 per share

(RTTNews) - Ciena Corp. (CIEN) reported earnings for fourth quarter that decreased from the same period last year.

The company's profit totaled $63.98 million, or $0.34 per share. This compares with $1160.06 million, or $7.32 per share, in last year's fourth quarter.

Excluding items, Ciena Corp. reported adjusted earnings of $81.01 million or $0.53 per share for the period.

The company's revenue for the quarter rose 20.8% to $899.36 million from $744.45 million last year.

Ciena Corp. earnings at a glance:

-Earnings (Q4): $81.01 Mln. vs. $48.48 Mln. last year. -EPS (Q4): $0.53 vs. $0.32 last year. -Revenue (Q4): $899.36 Mln vs. $744.45 Mln last year.