Juniper Networks Inc. (JNPR) Shares Tumble on Earnings
Network equipment maker Juniper Networks Inc. (NasdaqGS:JNPR - News) posted on Monday an anticipated fall in quarterly profit, and its shares fell as it gave a slightly weaker-than-expected 2007 outlook.
Juniper shares fell 4.5 percent in after-hours trade, more than giving back gains posted in the regular session after the company's full-year earnings target came in just short of analysts' consensus estimate.
First-quarter net income fell 12 percent to $66.6 million, or 11 cents a share, from $75.8 million, or 13 cents a share, a year earlier, as the company booked charges related to a stock options investigation. Excluding one-time items, earnings were $112.4 million, or 19 cents per share.
Juniper shares fell 4.5 percent in after-hours trade, more than giving back gains posted in the regular session after the company's full-year earnings target came in just short of analysts' consensus estimate.
First-quarter net income fell 12 percent to $66.6 million, or 11 cents a share, from $75.8 million, or 13 cents a share, a year earlier, as the company booked charges related to a stock options investigation. Excluding one-time items, earnings were $112.4 million, or 19 cents per share.
Labels: JNPR, Juniper Networks Inc.
posted by Stock Administrator @ 10:21 PM
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