Juniper Networks beats by $0.02, reports revs in-line; guides Q3 EPS below consensus, revs below consensus
- Reports Q2 (Jun) earnings of $0.40 per share, excluding non-recurring items, $0.02 better than the Capital IQ
* Consensus Estimate of $0.38; revenues rose 6.9% year/year to $1.23 bln vs the $1.22 bln consensus.
Co issues downside guidance for Q3, sees EPS of $0.35-0.40, excluding non-recurring items, vs. $0.44 Capital IQ Consensus Estimate; sees Q3 revs of $1.15-1.20 bln vs. $1.26 bln Capital IQ Consensus Estimate
* In the near term, there are some customer-specific dynamics that the Co is factoring into its outlook.
* This is partially offset by signs of strength in emerging verticals. The Co is focused on continued innovation and executing on its Integrated Operating Plan.