— Ciena Corporation (NYSE: CIEN) reported its fourth-quarter 2019 adjusted earnings of $0.58 per share versus $0.63 per share expected.
— Revenue grew by 8% to $968 million versus $964.29 million expected.
— Revenue from networking platforms grew by 12% while that from platform software and services dropped by 27%.
— Total global services revenue decreased by 6% while revenue from blue planet automation software and services rose by 55%
— Geography-wise, revenue from North America grew by 21% while that from the Asia Pacific fell by 41%.
— Revenue from Europe, Middle East, and Africa increased by 24% and that from the Caribbean and Latin America dropped by 19%.
— Over the next three years, Ciena predicts revenue of about 6-8% annual growth and adjusted EPS of over 20% annual growth.
— The adjusted operating margin is projected to be 15% for fiscal 2020 and at least 15% in fiscal 2021.
— In each of the next three years, free cash flow is expected to be about 60-70% of adjusted operating income.
Fast-food chain McDonald’s Corporation (NYSE: MCD) on Tuesday reported an increase in adjusted earnings for the fourth quarter of 2022 when its revenues remained broadly unchanged. The company said fourth-quarter
General Motors Co. (NYSE: GM) reported fourth quarter 2022 earnings results today. Revenue increased 28.4% year-over-year to $43.1 billion. Net income attributable to stockholders increased 14.8% to $2 billion while EPS rose 19.8%
Construction-equipment manufacturer Caterpillar Inc. (NYSE: CAT) reported double-digit growth in fourth-quarter revenues and adjusted earnings. Adjusted net profit increased to $3.86 per share in the December quarter from $2.69 per