WASHINGTON (dpa-AFX) - Arris Group Inc. (ARRS) reported earnings for its second quarter that gained ground compared to the same period last year.
The company said its bottom line advanced to $160.41 million, or $0.84 per share. This was up from $79.17 million, or $0.53 per share, in last year's second quarter.
Analysts had expected the company to earn $0.65 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.
The company said revenue for the quarter rose 37.3% to $1.73 billion. This was up from $1.26 billion last year.
Arris Group Inc. earnings at a glance:
-Earnings (Q2): $160.41 Mln. vs. $79.17 Mln. last year. -Earnings Growth (Y-o-Y): 102.6% -EPS (Q2): $0.84 vs. $0.53 last year. -EPS Growth (Y-o-Y): 58.5% -Analysts Estimate: $0.65 -Revenue (Q2): $1.73 Bln vs. $1.26 Bln last year. -Revenue Change (Y-o-Y): 37.3%
-Guidance: Next quarter EPS guidance: $0.72 - $0.77 Next quarter revenue guidance: $1.70 - $1.75 Bln
Copyright RTT News/dpa-AFX
© 2016 AFX News
