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Ciena posts quarterly revenues stronger than expected

2013-06-06 15:36:00| Telecompaper Headlines

(Telecompaper) Ciena reported revenues for its fiscal second quarter to 30 April up 6.3 percent from a year earlier to USD 507.7 million, better than its outlook of 465-495 million. The network equipment maker's net loss narrowed only slightly, to USD 27.1 million or 27 cents a share from USD 27.8 million or 28 cents a share a year ago. Excluding one-time items, the adjusted gross margin improved to 42.5 percent from 39.6, and the operating margin rose to 3.7 percent from 3.4. After free cash flow of USD 35.6 million in the quarter, the company finished the period with total cash and investments of USD 456.5 million. For fiscal Q3, Ciena forecast revenue of USD 515-545 million and an adjusted gross margin in the low 40s percent range.

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A Quarterly Turnaround At Avon Products

2013-06-06 07:00:00| Happi Breaking News

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UnitedHealth to raise quarterly dividend by one-third

2013-06-05 21:39:35| Beverages - Topix.net

This file photo photo shows a portion of The UnitedHealth Group Inc.'s campus in Minnetonka.

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UnitedHealth board OKs quarterly dividend raise

2013-06-05 16:25:16| Beverages - Topix.net

The new payout represents an increase of nearly 7 cents from the insurer's current dividend of 21.25 cents.

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Kaman Corp Announces Quarterly Dividend of $0.16

2013-06-05 00:46:26| Industrial Machines - Topix.net

Kaman Corp declared a quarterly dividend on Tuesday, June 4th, StockRatingsNetwork.com reports.

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