Arris reports EPS in-line, misses on revs; guides Q4 EPS below consensus, revs in-line (10.92 -0.26)
Reports Q3 (Sep) earnings of $0.21 per share, in-line with the Capital IQ Consensus Estimate consensus of $0.21; revenues were unchanged from the year-ago period at $274.4 mln. Co issues mixed guidance for Q4, sees EPS of $0.18-0.22 vs. $0.24 Capital IQ Consensus Estimate; sees Q4 revs of $270-290 mln vs. $289.12 mln Capital IQ Consensus Estimate. Order backlog at the end of the third quarter 2011 was $155.3 million as compared to $119.6 million and $154.2 million at the end of the third quarter 2010 and the second quarter 2011, respectively. The Company’s book-to-bill ratio in the third quarter 2011 was 1.00 as compared to the third quarter 2010 of 0.80 and the second quarter 2011 of 0.91.
