Ciena Corp. Q2 adjusted earnings Beat Estimates

(RTTNews) - Ciena Corp. (CIEN) announced earnings for its second quarter that increased from the same period last year.

The company's earnings came in at $52.74 million, or $0.33 per share. This compares with $13.86 million, or $0.09 per share, in last year's second quarter.

Excluding items, Ciena Corp. reported adjusted earnings of $76.23 million or $0.48 per share for the period.

Analysts had expected the company to earn $0.41 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter rose 18.5% to $865.01 million from $729.98 million last year.

Ciena Corp. earnings at a glance:

-Earnings (Q2): $76.23 Mln. vs. $33.78 Mln. last year. -EPS (Q2): $0.48 vs. $0.23 last year. -Analysts Estimate: $0.41 -Revenue (Q2): $865.01 Mln vs. $729.98 Mln last year.