UPDATE 1-Arris sees higher profit, revenue in fourth quarter
* Sees higher-than-expected earnings, revenue outlook
* Sees strong 2010 assuming economic recovery
* Shares rise 7 percent
Jan 13 (Reuters) - Communications technology company Arris Group Inc (ARRS.O) increased its earnings and revenue outlook for the fourth quarter, sending its shares up 7 percent. Arris, which sells products that enable high speed data and video traffic, forecast revenue of $295 million to $300 million.
In October, the company projected net income of 13 cents to 17 cents a share on revenue of $265 million to $285 million. Excluding items, it forecast net income of 22 cents to 26 cents per share.
Arris said it had a moderate start to 2010, in part due to the strong fourth quarter, and expected a strong year assuming an economic recovery.
Shares of the company were up 80 cents at $11.60 Wednesday on Nasdaq. (Reporting by S. John Tilak in Bangalore; Editing by Jarshad Kakkrakandy)
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