Juniper 3Q Profits Increase Nearly Seven-Fold

SUNNYVALE, Calif. (AP) -- Networking and security solutions provider Juniper Networks Inc. said Thursday third-quarter earnings rose sharply as revenue more than doubled.

Shares of Juniper closed Thursday up 35 cents, or 1.4 percent, to $25.03 on the Nasdaq, but shed $1.09, or 4.4 percent, to $23.94 in the aftermarket.

Third-quarter earnings rose to $48.8 million, or 9 cents per share, from $7.2 million, or 2 cents per share, last year. Excluding charges, the company's earnings rose to $73.5 million, or 13 cents per share, from $14.7 million, or 4 cents per share, last year.

Revenue for the third quarter rose to $375 million from $172.1 million last year, the company said.

Analysts surveyed by Thomson First Call estimated Juniper's third-quarter earnings at 11 cents per share on revenue of $371 million.

The Associated Press. All rights reserved.
The information contained in the AP News report may not be published, broadcast, rewritten or redistributed without the prior written authority of The Associated Press.