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Arris Q1 results better than expected

Thursday 5 May 2016 | 10:55 CET | News

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Set-top box maker Arris reported first-quarter revenues of USD 1.615 billion, up 33 percent from a year ago thanks to its takeover of Pace in January. Restructuring and other costs for the acquisition led to a net loss of USD 1.06 per share from the quarter compared to a profit of USD 0.13 per share a year ago. Adjusted net profit improved to USD 0.47 from USD 0.44 over the same period and was better than the company's guidance. Arris said it was off to a strong start to the year and entered the second quarter with positive momentum. For Q2, the company expects revenues of USD 1.675-1.725

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Categories: Broadcast & Satellite
Companies: Arris
Countries: World
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