RTTNews | Sep 2, 2021 07:06AM EDT

07:06 Thursday, September 2, 2021 (RTTNews.com) - Ciena Corp. (CIEN) revealed a profit for its third quarter that advanced from last year.

The company's bottom line came in at $238.23 million, or $1.52 per share. This compares with $142.27 million, or $0.91 per share, in last year's third quarter.

Excluding items, Ciena Corp. reported adjusted earnings of $144.88 million or $0.92 per share for the period.

Analysts had expected the company to earn $0.79 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter rose 1.2% to $988.14 million from $976.71 million last year.

Ciena Corp. earnings at a glance:

-Earnings (Q3): $144.88 Mln. vs. $166.40 Mln. last year.-EPS (Q3): $0.92 vs. $1.06 last year.-Analysts Estimate: $0.79-Revenue (Q3): $988.14 Mln vs. $976.71 Mln last year.

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