Ruckus Wireless Q3 Profit Tops Estimates - Quick Facts

(RTTNews) - Ruckus Wireless, Inc. (RKUS) reported that its third-quarter net income increased to $3.55 million from $57 thousand, last year. GAAP net income per share was $0.04, compared to breakeven per share for the third quarter of 2013. Non-GAAP net income was $12.6 million, or $0.13 per share for the third quarter of 2014.

On average, 20 analysts polled by Thomson Reuters expected the company to report profit per share of $0.10 for the quarter. Analysts' estimates typically exclude special items.

Revenue was $85.0 million, an increase of 23.3% from the third quarter of 2013. Analysts expected revenue of $85.28 million, for the quarter.

For the fourth-quarter, the company expects: total revenue in the range of $87 million to $90 million; and non-GAAP net income per share between $0.11 and $0.13. Analysts expect the company to report fourth-quarter earnings per share of $0.11 on revenue of $89.65 million.