Markets
KN

Arris (ARRS) Earnings & Revenues Beat Estimates in Q1

Arris Group Inc.ARRS reported first-quarter 2016 results wherein adjusted (excluding special items) earnings per share of 41 cents outpaced the Zacks Consensus Estimate by 5 cents.

Quarterly total revenue stood at $1,614.4 million, up 32.9% year over year and also above the Zacks Consensus Estimate of $1,584 million.

Quarterly gross margin came in at 23.8% compared with 27.7% in the year-ago quarter. Operating loss, in the reported quarter, was $87.2 million against operating income of $45.7 million. Total order backlog, at the end of the quarter under review, was $1,335.1 million compared with $725.7 million at the end of the year-ago quarter. Meanwhile, the book-to-bill ratio stood at 1.24 compared with 1.08 in the prior-year quarter.

Arris consumed $224.8 million of cash from operations in the first quarter of 2016 compared with $63.3 million in the prior-year quarter. Quarterly free cash flow stood at a negative $233.4 million as against $74.1 million in the year-ago quarter. At the end of the first quarter, Arris had $676.3 million of cash & marketable securities on its balance sheet compared with $679.1 million at the end of 2015.

Arris currently carries a Zacks Rank #5 (Strong Sell). Better-ranked stocks in the same industry are Gigamon Inc. GIMO , Knowles Corporation KN and SeaChange International, Inc. SEAC . All the three companies carry a Zacks Rank #2 (Buy).

Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days.Click to get this free report >>

Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report

ARRIS INTL PLC (ARRS): Free Stock Analysis Report

SEACHANGE INTL (SEAC): Free Stock Analysis Report

GIGAMON INC (GIMO): Free Stock Analysis Report

KNOWLES CORP (KN): Free Stock Analysis Report

To read this article on Zacks.com click here.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.


The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

In This Story

KN SEAC

Other Topics

Earnings Stocks

Latest Markets Videos

Zacks

Zacks is the leading investment research firm focusing on stock research, analysis and recommendations. In 1978, our founder discovered the power of earnings estimate revisions to enable profitable investment decisions. Today, that discovery is still the heart of the Zacks Rank. A wealth of resources for individual investors is available at www.zacks.com.

Learn More