logo
Share SHARE
FONT-SIZE Plus   Neg

ARRIS Group Q1 Profit Down - Quick Facts

ARRIS Group Inc. (ARRS) announced preliminary and unaudited financial results for the first quarter 2012. GAAP net income in the first quarter 2012 was $5.80 million or $0.05 per share, compared to $11.56 million or $0.09 per share in the year ago quarter.

Adjusted net income in the first quarter 2012 was $0.19 per share, compared to $0.16 per diluted share for the first quarter 2011.

Revenues in the first quarter 2012 were $302.9 million as compared to first quarter 2011 revenues of $267.4 million.

Analysts polled by Thomson Reuters expected the company to report earnings of $0.15 per share on revenues of $296.35 million for the quarter. Analysts' estimates typically exclude special items.

For the second quarter 2012, the company now project that revenues will be in the range of $330 to $350 million, with adjusted net income per share in the range of $0.20 to $0.24 and GAAP net income per share in the range of $0.10 to $0.14.

Analysts expect the company to report earnings of $0.20 per share on revenues of $312.32 million for the second-quarter.

by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

Quick Facts

Editors Pick
Even after two years of thoroughly searching across the Indian Ocean, using modern technologies and devices, there is no clue about the Malaysian airline that vanished on March 8, 2014. Internet access is growing worldwide, but there is still a long way to go before the entire world is completely wired, a study from the Pew Research Center has found. The study also noted that men have greater access to the Internet than women in many nations. Backtracking on its early announcements on digital privacy, WhatsApp is planning to share member information, phone numbers and analytical data with Facebook, to make revenue from the platform.
comments powered by Disqus
Follow RTT