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.
If you enjoy the content at iBankCoin, please follow us on Twitter