Ciena Corp. (CIEN) reported that its second quarter 2013 net loss narrowed to $27.1 million, or $0.27 per share, from $27.8 million, or $0.28 per share in the fiscal second quarter 2012.
Ciena's adjusted net income for the second quarter declined to $2.2 million, or $0.02 per share, from $3.7 million, or $0.04 per share in the year ago quarter. Analysts polled by Thomson Reuters expected the company to report a loss of $0.01 per share for the quarter. Analysts' estimates typically exclude special items.
Total revenues for the quarter rose to $507.71 million from $477.62 million in the prior year quarter. Twenty one analysts had consensus revenue estimate of $483.63 million for the quarter.
For the third-quarter, the company expects revenue to be in the range of $515 million to $545 million. The company anticipates adjusted gross margin in the low 40s percent range, and adjusted operating expense in the mid $190s million range. Twenty one analysts have consensus revenue estimate of $509.46 million for the third-quarter.
For comments and feedback: editorial@rttnews.com