ARRIS Group, Inc. (ARRS) reported first-quarter net income of $19.1 million or $0.13 per share, compared to $40.8 million or $0.28 per share, prior year. Adjusted net income was $0.44 per share, for the quarter.
On average, eight analysts polled by Thomson Reuters expected the company to report profit per share of $0.44 for the quarter. Analysts' estimates typically exclude special items.
Revenues were $1.22 billion down 1%, as compared to first quarter 2014 revenues of $1.23 billion. Analysts expected revenue of $1.22 billion for the quarter.
With respect to the second quarter 2015, the company expects revenues will grow and will be in the range of $1.27 billion to $1.31 billion, with adjusted net income per share in the range of $0.53 to $0.58 and GAAP net income per share in the range of $0.17 to $0.22. Analysts expect the company to report second-quarter earnings per share of $0.58 on revenue of $1.31 billion.
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May 15, 2026 15:25 ET Apart from the confirmation of Kevin Warsh as the next Fed chair, the main news on the economics front this week included key price data from the U.S. and the first quarter economic growth figures from major economies. Both consumer prices and producer costs have started to reflect the effect of supply shocks due to the Middle East conflict. In Europe, GDP data was in focus, while inflation data from China dominated the news flow in Asia.