Networking hardware maker Juniper Networks lined up nearly perfectly with Wall Street expectations for its third quarter earnings.
Juniper reported a net income of $83.7 million, or 16 cents a share (statement). Non-GAAP earnings were 28 cents a share on a revenue of $1.106 billion. Wall Street was expecting Juniper to report earnings of 28 cents a share on revenue of $1.09 billion.
Juniper's CFO Robyn Denholm explained in a statement:
The third quarter unfolded as we anticipated, and we achieved the performance objectives we had set for the September quarter. We will continue to carefully manage our expense structure with a focus on investing prudently in the resources that support our growth agenda and maintain our commitment to innovation.
For the outlook, Juniper is predicting a revenue of $1.160 billion to $1.220 billion at the end of Q4 with non-GAAP earnings between 32 cents and 36 cents a share.
By the numbers: