Juniper Networks reported a decrease in their fourth-quarter earnings compared to the same time last year, falling short of Wall Street's expectations.
The company's earnings came in at $124.3 million, or $0.38 per share, in contrast with the $180.4 million, or $0.55 per share they disclosed in the previous year's fourth quarter. When excluding certain factors, the company's adjusted earnings were $196.9 million, or $0.61 per share for the period.
Wall Street analysts had anticipated the company to earn an average of $0.64 per share, as per the data compiled by Thomson Reuters. These estimations usually leave out special items.
The company's revenue for the quarter also decreased by 6.2%, moving from $1.45 billion last year to $1.36 billion.
Here's a quick view at Juniper Networks' earnings based on Generally Accepted Accounting Principles (GAAP):
- Fourth Quarter Earnings: $124.3 million, a drop from $180.4 million from last year.
- Fourth Quarter Earnings Per Share (EPS): $0.38, down from $0.55 last year.
- Analysts' Average Estimates: $0.64
- Fourth Quarter Revenue: $1.36 billion, a drop from the $1.45 billion reported last year.
