HANOVER, Md. (AP) — HANOVER, Md. (AP) — Ciena Corp. (CIEN) on Thursday reported fiscal third-quarter net income of $266.4 million.
On a per-share basis, the Hanover, Maryland-based company said it had profit of $1.83. Earnings, adjusted for one-time gains and costs, were $2.11 per share.
The results beat Wall Street expectations. The average estimate of nine analysts surveyed by Zacks Investment Research was for earnings of $1.74 per share.
The developer of high-speed networking technology posted revenue of $1.67 billion in the period, which also beat Street forecasts. Seven analysts surveyed by Zacks expected $1.65 billion.
For the current quarter ending in October, Ciena said it expects revenue in the range of $1.25 billion to $2.25 billion.
The company expects full-year revenue in the range of $6.37 billion to $6.47 billion.
_____
This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on CIEN at https://www.zacks.com/ap/CIEN
