By Sonya Rabbitte, 12 October 2001 15:50
NEWS Data networking firm Juniper Networks has beaten Wall Street expectations with stable third quarter results. Juniper said it earned an operating profit of $32.5m, or ten cents a share. While the results are a sharp fall on the operating profit of 17 cents a share posted in the same quarter last year, they beat the seven cents forecast by analysts. Net loss fell to $29.7m, down from a profit of $58.1m in the previous year. But revenue managed to beat forecasts, edging to $201.7m from $201.2m in the period a year ago. Despite the company falling into the red last year, Juniper shares rose 10.93 per cent to close yesterday at $15.86.
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