Juniper Networks Q4 Profit Increases, Beats Estimates

(RTTNews) - Juniper Networks (JNPR) announced a profit for its fourth quarter that increased from the same period last year and beat the Street estimates.

The company's earnings came in at $162.0 million, or $0.48 per share. This compares with $124.3 million, or $0.38 per share, last year.

Excluding items, Juniper Networks reported adjusted earnings of $216.6 million or $0.64 per share for the period.

Analysts on average had expected the company to earn $0.57 per share. Analysts' estimates typically exclude special items.

The company's revenue for the period rose 2.9% to $1.404 billion from $1.365 billion last year.

Juniper Networks earnings at a glance (GAAP) :

-Earnings: $162.0 Mln. vs. $124.3 Mln. last year. -EPS: $0.48 vs. $0.38 last year. -Revenue: $1.404 Bln vs. $1.365 Bln last year.