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Juniper: 1Q Earnings Snapshot

SUNNYVALE, Calif. (AP) _ Juniper Networks Inc. (JNPR) on Thursday reported first-quarter net income of $31.1 million.

On a per-share basis, the Sunnyvale, California-based company said it had net income of 9 cents. Earnings, adjusted for one-time gains and costs, came to 26 cents per share.

The results exceeded Wall Street expectations. The average estimate of 11 analysts surveyed by Zacks Investment Research was for earnings of 21 cents per share.

The computer network equipment maker posted revenue of $1 billion in the period, also beating Street forecasts. Eight analysts surveyed by Zacks expected $987.5 million.

For the current quarter ending in July, Juniper expects its per-share earnings to range from 36 cents to 42 cents.

The company said it expects revenue in the range of $1.07 billion to $1.13 billion for the fiscal second quarter. Analysts surveyed by Zacks had expected revenue of $1.11 billion.

Juniper shares have climbed 4.5 percent since the beginning of the year, while the Standard & Poor's 500 index has risen 17 percent. In the final minutes of trading on Thursday, shares hit $28.11, an increase of 16 percent in the last 12 months.


This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on JNPR at https://www.zacks.com/ap/JNPR