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Juniper blasts past 3Q estimate

Juniper Networks, Inc. (Nasdaq:JNPR) said Thursday its third quarter income was 17 cents a share, vaulting past First Call's expected profit of 9 cents a share.

Shares in the maker of routers rose to 202.75 in afterhours activity on the Island electronic communications network. Juniper stock closed Thursday's regular trading at 199.609357, down 6.390625 for the session.

The company also toppled estimates in its second quarter.

Net revenues for the third quarter were $201.2 million, compared with $113 million for the second quarter, an increase of 78 percent.

Pro forma net income, which excludes the amortization of goodwill of $1.9 million and the deferred compensation charge of $415,000, was $60.3 million or 17 cents a share, compared with a pro forma net income of $28.6 million or 8 cents a share in the second quarter of 2000.

Actual net income for the third quarter, including the above-mentioned amortization of goodwill and deferred compensation charges, was $58.1 million or 17 cents a share, compared with $19.6 million or 6 cents a share in the second quarter of 2000.