ARRIS Group Reports Preliminary Q2 Profit - Quick Facts

(RTTNews) - ARRIS Group, Inc. (ARRS) reported preliminary second-quarter net income of $39.02 million or $0.26 per share, compared to a loss of $48.46 million or $0.36 per share, a year ago. Adjusted net income was $0.70 per share, for the quarter.

On average, nine analysts polled by Thomson Reuters expected the company to report profit per share of $0.68 for the quarter. Analysts' estimates typically exclude special items.

Revenues were $1.43 billion compared to $1.00 billion, prior year which excludes the estimated sales of approximately $66 million from Motorola Home prior to the close of the acquisition on April 17, 2013. Analysts expected revenue of $1.40 billion for the quarter.

The company expects third-quarter revenues in the range of $1.37 billion to $1.41 billion, with adjusted net income per share in the range of $0.69 to $0.74 and GAAP net income per share in the range of $0.35 to $0.40. Analysts expect the company to report third-quarter earnings per share of $0.69 on revenue of $1.40 billion.