WASHINGTON (dpa-AFX) - Arris Group Inc. (ARRS) announced earnings for its first quarter that increased from last year.
The company said its bottom line came in at $90.40 million, or $0.47 per share. This was higher than $65.76 million, or $0.44 per share, in last year's first quarter.
Analysts had expected the company to earn $0.40 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.
The company said revenue for the quarter rose 33.1% to $1.61 billion. This was up from $1.21 billion last year.
Arris Group Inc. earnings at a glance:
-Earnings (Q1): $90.40 Mln. vs. $65.76 Mln. last year. -Earnings Growth (Y-o-Y): 37.5% -EPS (Q1): $0.47 vs. $0.44 last year. -EPS Growth (Y-o-Y): 6.8% -Analysts Estimate: $0.40 -Revenue (Q1): $1.61 Bln vs. $1.21 Bln last year. -Revenue Change (Y-o-Y): 33.1%
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