— 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.
The Kraft Heinz Company (NASDAQ: KHC) reported second-quarter 2021 financial results before the regular market hours on Wednesday. The food company reported Q2 revenue of $6.62 billion, down 0.5% year-over-year
General Motors Co. (NYSE: GM) reported second quarter 2021 earnings results today. Total revenue rose to $34.2 billion from $16.8 billion in the same period last year. GAAP net income
VS Health Corporation (NYSE: CVS) reported second-quarter 2021 earnings results today. Total revenues increased 11.1% to $72.6 billion compared to the same period last year, driven by growth across all