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Ciena Sees Earnings, Revenue Climb
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Communications-equipment maker Ciena (CIEN Quote) said its fiscal second-quarter profit nearly doubled from a year ago on better-than-expected sales results.
The Linthicum, Md., company said it had a profit of $23.8 million, or 23 cents a share, up from $13 million, or 14 cents a share, in the year-ago quarter. Excluding items, Ciena earned 40 cents a share in the quarter.
Revenue in the quarter jumped 25% from a year earlier to $242.2 million and was up 7% sequentially. ...
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