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Juniper Networks Q1 sales up 10%, margins improve

2014-04-23 08:37:00| Telecompaper Headlines

(Telecompaper) Juniper Networks said its first-quarter net revenues rose 10 percent year-on-year to USD 1.170 billion, slightly better than expected. The operating margin declined to a negative 0.5 percent, due to USD 122 million of restructuring and other charges, from 8.2 percent the previous year. Excluding the one-time items, the operating margin rose to 17.2 percent from 15.7 percent. Net profit still improved to USD 110.6 million or USD 0.22 per diluted share, from USD 91.0 or 18 cents a share a year earlier, thanks to gains from selling a minority equity investment. Adjusted net profit increased 21 percent to USD 142.6 million or USD 0.29 per share. For the second quarter, Juniper Networks forecast revenues of USD 1.20-1.23 billion, and adjusted gross margin of around 64.0 percent, plus or minus 0.5 percent, and adjusted operating expenses at USD 520 million, plus or minus USD 5 million. The non-GAAP operating margin will be roughly 21.0 percent, plus or minus 0.5 percent at the midpoint of the revenue guidance and adjusted EPS is estimated at USD 0.36-0.39.

Tags: sales improve networks margins

UK: FY sales up, margins dip at meat group Cranswick

2014-04-07 12:48:43| Food - Topix.net

UK meat products supplier Cranswick today met City expectations with higher annual sales but a fall in operating margins amid "record" input costs.

Tags: group sales meat dip

Decreasing Margins Trouble Republic Services Inc.

2014-03-29 17:09:13| Waste Management - Topix.net

Republic Services Inc. is a waste management company which provides solid non-hazardous disposal services for commercial, industrial, municipal and residential applications.

Tags: services republic trouble decreasing