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Arris says sales pressure to continue in 2015

Thursday 30 July 2015 | 10:56 CET | News
Arris reported second-quarter revenues down 11.8 percent from a year earlier to USD 1.260 billion, in line with its already reduced guidance. Adjusted net profit dropped to USD 0.53 per share from USD 0.70 a year ago, and reported profit fell to USD 0.11 per share from USD 0.26 last year. Arris said sales, margins and adjusted earnings were all up quarter over quarter, although not as much as it had expected. The fall compared with the second quarter of last year is due in part to a high number of product launches in the year-earlier period. However, the market headwinds are expected to

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Categories: Broadcast & Satellite
Companies: Arris / Pace
Countries: World
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