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Arris Matches Estimates
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Arris (ARRS Quote) shares rose on a solid third-quarter earnings performance.
The Suwanee, Ga., cable networking shop posted adjusted earnings of 21 cents a share, repeating the second-quarter profit number but missing the year-ago quarter's 27 cents.
Sales in the quarter ended last month were $254.7 million, flat with the prior quarter but 11% above the $228.6 million mark last year.
Analysts were looking for pro forma earnings of 21 cents a share on sales of $258 million, according to Yahoo! Finance. ...
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