Juniper Second-Quarter Sales, Profit Top Analysts’ Estimates
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Juniper Networks Inc., the world’s No. 2 maker of networking gear, reported second-quarter revenue and profit that beat analysts’ estimates, citing demand for new products and improved sales to U.S. telecommunications carriers.
Profit excluding certain costs was 19 cents a share, Juniper said yesterday in a statement, compared with the average analyst projection of 16 cents, according to data compiled by Bloomberg. Sales were $1.07 billion, while analysts had estimated $1.05 billion.