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Arris lifts Q4 revenues, profit but expects less next year

Thursday 19 February 2015 | 12:02 CET | News
Arris said fourth quarter revenues lifted to USD 1.26 billion from 1.19 billion the year before, while the net result went to a profit of USD 1.29 per diluted share from a loss the year earlier of USD 0.02 per share. The company ended the quarter with USD 697.4 million in cash resources. For the first quarter, Arris said results would be impacted by anticipated reductions in volume, product mix and price reductions implemented at the beginning of the year. The company guided for lower revenues and profit, to USD 1.200-1.240 billion and USD 0.08-0.13 per share, respectively.

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Categories: Fixed / Internet
Companies: Arris
Countries: World
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