Categories AlphaGraphs, Earnings, Technology
Juniper Networks (NYSE: JNPR): Q3 2019 Earnings Snapshot
— Juniper Networks (NYSE: JNPR) reported third-quarter adjusted earnings of $0.48 per share, vs. $0.46 per share expected
– Reported profit rose to $99.3 million or $0.29 per share from $223.8 million or $0.64 per share in the third quarter of 2018
– Net revenues decreased 4% annually to $1.13 billion, vs. $1.14 billion expected
– Expects fourth-quarter revenues to be $1.19 billion, plus or minus $30 million; and adjusted gross margins of about 61%
– Fourth-quarter adjusted earnings expected to be $0.57 per share, plus or minus $0.03
– Expects full-year 2019 adjusted earnings to be in the range of $1.70 per share to $1.80 per share
— Juniper shares lost 11% since the beginning of the year; closed Thursday’s session lower
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