Juniper’s First-Quarter Profit Meets Analysts’ Estimates
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Juniper Networks Inc., the second-largest maker of Internet networking equipment, reported first-quarter profit that matched analysts’ estimates, a sign that carriers are still spending to support surging Web use.
Revenue rose 21 percent to $1.1 billion from $912.6 million in the year-earlier quarter, the Sunnyvale, California-based company said today in a statement. Profit excluding some items was 32 cents a share, matching analysts’ estimates.