** charts before earnings **
** charts after earnings **
Ciena beats by $0.04, reports revs in-line; guides Q4 revs in-line; updates FY16 guidance on the call at 8:30 :
- Reports Q3 (Jul) earnings of $0.42 per share, excluding non-recurring items, $0.04 better than the Capital IQ Consensus of $0.38; revenues rose 11.2% year/year to $670.6 mln vs the $672.23 mln Capital IQ Consensus.
- Converged packet optical rev +15% to $468 mln.
- EMEA rev +12% vs. declines in prior quarters.
- Gross margin 46.8% vs. mid-40% guidance
- Co issues in-line guidance for Q4, sees Q4 revs of $700-730 mln vs. $722.15 mln Capital IQ Consensus; mid-40% gross margin.
- CO will update FY16 guidance on call at 8:30
- "We posted strong results on all financial operating metrics in our fiscal third quarter, continuing a trend of consistently improving financial performance and demonstrating the value of having a diversified business to manage through market dynamics," said Gary B. Smith, president and CEO, Ciena. "Through strategic investments to broaden our portfolio, market application and customer and geographic base, we have positioned Ciena to deliver sustainable long-term growth and increased profitability."
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