Arris Group Inc. (ARRS) announced preliminary results of its third quarter, reporting net income of $21.70 million or $0.17 per share, compared to $22.43 million or $0.16 per share in the year-ago quarter.
Adjusted net income for the third quarter 2009 was $31.97 million or $0.25 per share, compared to $30.69 million $0.24 per share for the third quarter of 2008.
Net sales for the quarter was $275.77 million, compared to $297.55 million in the prior-year quarter.
On average, nine analysts polled by Thomson Reuters expected the company to earn $0.24 per share, on revenues of $273.81 million for the quarter. Analysts estimates typically exclude special items.
Looking ahead, for the fourth quarter, the company expects earnings of $0.13 - $0.17 per share and adjusted earnings of $0.22 - $0.26 per share.
Analysts currently expect earnings of $0.23 per share for the fourth quarter.
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June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.