Ciena Corp. earnings for third quarter fell short of the Street expectations, and also dipped from a year ago.
The networking systems and software company's earnings for the quarter came in at $0.07 per share vs. $1.52 per share in the year-ago quarter. Excluding items, Ciena’s adjusted earnings of $0.33 per share was shy of analysts’ expectations of $0.34 per share (according to figures compiled by Thomson Reuters).
Revenue for the quarter decreased -12.2% from the year-ago quarter to $867.98 million.