Ciena Corp. Reports 85% Advance In Q1 Bottom Line

(RTTNews) - Ciena Corp. (CIEN) reported earnings for its first quarter that gained ground from last year.

The company said its bottom line came in at $25.23 million, or $0.18 per share. This was higher than $13.64 million, or $0.12 per share, in last year's first quarter.

Analysts had expected the company to earn $0.14 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company said revenue for the quarter rose 8.3% to $573.12 million. This was up from $529.16 million last year.

Ciena Corp. earnings at a glance:

-Earnings (Q1): $25.23 Mln. vs. $13.64 Mln. last year. -Earnings Growth (Y-o-Y): 85.0% -EPS (Q1): $0.18 vs. $0.12 last year. -EPS Growth (Y-o-Y): 50.0% -Analysts Estimate: $0.14 -Revenue (Q1): $573.12 Mln vs. $529.16 Mln last year. -Revenue Change (Y-o-Y): 8.3%

-Guidance: Next quarter revenue guidance: $615 - $645 Mln