Juniper Networks on Thursday reported a 73 percent jump in fourth-quarter profit on strong networking-gear sales. The Sunnyvale-based company earned $122.9 million, or 22 cents a share, compared with $71 million, or 12 cents, in the year-earlier period. The latest earnings adjusted for charges were $151.5 million, or 27 cents. Revenue grew 36 percent to $809.2 million. Analysts surveyed by Thomson Financial were expecting earnings of 24 cents on revenue of $785.9 million. For the current quarter, Juniper said it expects to earn 24 cents to 25 cents a share on revenue of $810 million to $820 million. Analysts had expected 24 cents and $798 million.
– Dow Jones
