Ciena (CIEN $13.96 +1.72) reported third quarter earnings of $0.08 per
share, excluding non-recurring items, $0.17 better than the Capital IQ Consensus
Estimate of ($0.09).
Revenues rose 11.7% year/year to $435.3 million versus the $443.9 million
consensus.
The company said, "Our third quarter results, which included a favorable product
mix and reduced operating expense to achieve an as-adjusted operating profit,
demonstrate our early progress in delivering additional operating leverage from
the business."
In its fourth quarter, the company expects revenue to be $440 million to $460
million versus the $474.71 million Capital IQ Consensus Estimate, with an
adjusted gross margin percentage in the low 40s range, adjusted operating
expense in the upper $170s million range.






