07.03.2024 13:06:25 - dpa-AFX: Ciena Corp. Q1 Profit Decreases, but beats estimates

WASHINGTON (dpa-AFX) - Ciena Corp. (CIEN) reported earnings for first
quarter that decreased from last year but beat the Street estimates.

The company's earnings came in at $49.55 million, or $0.34 per share. This
compares with $76.24 million, or $0.51 per share, in last year's first quarter.

Excluding items, Ciena Corp. reported adjusted earnings of $96.79 million or
$0.66 per share for the period.

Analysts on average had expected the company to earn $0.48 per share, according
to figures compiled by Thomson Reuters. Analysts' estimates typically exclude
special items.

The company's revenue for the quarter fell 1.9% to $1.04 billion from $1.06
billion last year.

Ciena Corp. earnings at a glance (GAAP) :

-Earnings (Q1): $49.55 Mln. vs. $76.24 Mln. last year.
-EPS (Q1): $0.34 vs. $0.51 last year.
-Revenue (Q1): $1.04 Bln vs. $1.06 Bln 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 43,960 02.07.24 08:02:48 -0,190 -0,43% 44,300 44,750 43,960 44,150

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