07.12.2023 13:06:07 - dpa-AFX: Ciena Corp. Q4 Profit Increases, beats estimates

WASHINGTON (dpa-AFX) - Ciena Corp. (CIEN) reported earnings for its fourth
quarter that increased from the same period last year and beat the Street
estimates.

The company's earnings totaled $91.20 million, or $0.62 per share. This
compares with $57.65 million, or $0.39 per share, in last year's fourth quarter.

Excluding items, Ciena Corp. reported adjusted earnings of $111.22 million or
$0.75 per share for the period.

Analysts on average had expected the company to earn $0.69 per share, according
to figures compiled by Thomson Reuters. Analysts' estimates typically exclude
special items.

The company's revenue for the quarter rose 16.4% to $1.13 billion from $971.01
million last year.

Ciena Corp. earnings at a glance (GAAP) :

-Earnings (Q4): $91.20 Mln. vs. $57.65 Mln. last year.
-EPS (Q4): $0.62 vs. $0.39 last year.
-Analyst Estimate: $0.69
-Revenue (Q4): $1.13 Bln vs. $971.01 Mln last year.


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Copyright RTT News/dpa-AFX
Name WKN Börse Kurs Datum/Zeit Diff. Diff. % Geld Brief Erster Schluss
CIENA CORP. NEW DL-,01 A0LDA7 Frankfurt 45,000 12.07.24 16:44:49 +1,530 +3,52% 0,000 0,000 43,860 45,000

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