Juniper Networks (JNPR) revealed earnings for fourth quarter that decreased from the same period last year and missed the Street estimates.
The company's earnings totaled $124.3 million, or $0.38 per share. This compares with $180.4 million, or $0.55 per share, in last year's fourth quarter.
Excluding items, Juniper Networks reported adjusted earnings of $196.9 million or $0.61 per share for the period.
Analysts on average had expected the company to earn $0.64 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.
The company's revenue for the quarter fell 6.2% to $1.36 billion from $1.45 billion last year.
Juniper Networks earnings at a glance (GAAP) :
-Earnings (Q4): $124.3 Mln. vs. $180.4 Mln. last year.
-EPS (Q4): $0.38 vs. $0.55 last year.
-Analyst Estimates: $0.64
-Revenue (Q4): $1.36 Bln vs. $1.45 Bln last year.
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