Ciena Q3 2024 Adj. EPS $0.35 Beats $0.26 Estimate, Sales $942.308M Beat $927.210M Estimate
Portfolio Pulse from Benzinga Newsdesk
Ciena Corporation reported its Q3 2024 financial results, with adjusted EPS of $0.35, surpassing the estimate of $0.26. The company's sales reached $942.308 million, exceeding the expected $927.210 million.
September 04, 2024 | 11:01 am
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Ciena Corporation's Q3 2024 results exceeded expectations with an adjusted EPS of $0.35 and sales of $942.308 million, both beating analyst estimates.
Ciena's better-than-expected earnings and sales figures are likely to positively impact its stock price in the short term as they indicate strong financial performance and operational efficiency.
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