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Juniper beats Street 3Q forecasts(Associated Press Via Acquire Media NewsEdge) SUNNYVALE, Calif. (AP) _ Juniper Networks Inc. (JNPR) on Thursday reported third-quarter profit of $103.6 million. On a per-share basis, the Sunnyvale, California-based company said it had net income of 23 cents. Earnings, adjusted for one-time gains and costs, came to 36 cents per share. The results topped Wall Street expectations. The average estimate of analysts surveyed by Zacks Investment Research was for earnings of 35 cents per share. The computer network equipment maker posted revenue of $1.13 billion in the period, which also beat Street forecasts. Analysts expected $1.12 billion, according to Zacks. For the current quarter ending in December, Juniper expects its per-share earnings to range from 28 cents to 32 cents. The company said it expects revenue in the range of $1.02 billion to $1.08 billion for the fiscal fourth quarter. Analysts surveyed by Zacks had expected revenue of $1.18 billion. Juniper shares have decreased 10 percent since the beginning of the year, while the Standard & Poor's 500 index has risen 5.5 percent. In the final minutes of trading on Thursday, shares hit $20.32, a rise of roughly 7 percent in the last 12 months. This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. JNPR stock research report from Zacks: http://www.zacks.com/ap/JNPR Keywords:Juniper,Earnings Report |