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 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.