HANOVER, Md. (AP) — HANOVER, Md. (AP) — Ciena Corp. (CIEN) on Thursday reported fiscal fourth-quarter earnings of $91.2 million.
On a per-share basis, the Hanover, Maryland-based company said it had net income of 62 cents. Earnings, adjusted for one-time gains and costs, came to 75 cents per share.
The results surpassed Wall Street expectations. The average estimate of nine analysts surveyed by Zacks Investment Research was for earnings of 68 cents per share.
The developer of high-speed networking technology posted revenue of $1.13 billion in the period, also beating Street forecasts. Eight analysts surveyed by Zacks expected $1.1 billion.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on CIEN at https://www.zacks.com/ap/CIEN