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4 years ago
REFILE-Network gear maker Ciena posts surprise adjusted profit
June 6, 2013 / 11:11 AM / 4 years ago

REFILE-Network gear maker Ciena posts surprise adjusted profit

1 Min Read

June 6 (Reuters) - Network equipment maker Ciena Corp posted a surprise adjusted quarterly profit, helped by a 3 percent increase in its gross margin.

The company's net loss narrowed to $27.1 million, or 27 cents per share, in the second quarter, from $27.8 million, or 28 cents per share, a year earlier. The company earned 2 cents per share before items.

Revenue rose 6.3 percent to $507.7 million.

Analysts on average expected an adjusted loss of 1 cent per share on revenue of $483.6 million, according to Thomson Reuters I/B/E/S.

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