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Oct. 28, 2015, 5:28 PM
- In addition to missing Q3 revenue estimates (while posting in-line EPS), Arris (NASDAQ:ARRS) is guiding for Q4 revenue of $1.1B-$1.15B and EPS of $0.40-$0.45, below a consensus of $1.26B and $0.60.
- Also: Order backlog fell 6% Q/Q and 14% Y/Y to $559M. Book-to-bill was 0.92 vs. 0.86 in Q2 and 0.94 a year ago.
- CEO Bob Stanzione: "We continue to encounter headwinds, in particular, those related to telco capex, industry consolidations and the strong U.S. dollar." The "industry consolidations" mentioned presumably include the AT&T/DirecTV deal. Peer Harmonic issued light guidance last week.
- Shares have fallen to $27.50 after hours. The 52-week low is $24.46.
- Q3 results, PR
Oct. 28, 2015, 4:03 PM
- Arris Group (NASDAQ:ARRS): Q3 EPS of $0.56 in-line.
- Revenue of $1.22B (-13.5% Y/Y) misses by $20M.
- Shares -2.62%.
Oct. 27, 2015, 5:35 PM
- ABX, ACGL, AEM, AF, AFFX, AFOP, AMGN, ANIK, AR, ARII, ARRS, ASGN, ATML, BANC, BLKB, BWLD, CACI, CAVM, CBL, CGI, CHDN, CLI, CMO, CMPR, CNL, CNO, CNW, CRUS, CSGP, CW, CWT, DRE, DYAX, ECHO, ELLI, EPR, EQIX, EQY, ESIO, ESRT, ESV, EXR, FFIV, FMC, FORM, FORR, FR, GPRO, HBI, HLS, HOS, HT, HUBG, HY, INT, INVN, ISIL, KEX, KRA, KS, LNC, LOCK, LOPE, MAA, MANT, MAR, MC, MEOH, MMLP, MTGE, MTW, MUR, NE, NEM, NGD, NSIT, NTRI, NVDQ, NXPI, O, OCN, OGS, OII, ORLY, OTEX, PLXS, PPC, PRXL, PSA, PTC, QDEL, QEP, QGEN, QUIK, REG, ROG, ROVI, RRC, SCI, SGI, SGMO, SIMO, SPN, SPRT, SPWR, SSS, STAA, SU, TAL, THG, THRX, TILE, TLLP, TSO, TTMI, UNM, VAR, VECO, VRTX, WDC, WES, WGP, WLL, WMB, WSTL, WTS, YELP
Jul. 29, 2015, 4:58 PM
- Arris' (NASDAQ:ARRS) Q2 results were in-line with the guidance provided in its July 10 warning. Q3 guidance is for revenue of $1.21B-$1.26B and EPS of $0.52-$0.58, below a consensus (might not fully take the warning into account) of $1.3B and $0.64.
- With a strong dollar and industry M&A weighing (as stated in the warning), order backlog fell 8% Q/Q and 10% Y/Y to $651.3M. Book-to-bill was 0.94 vs. 0.85 in Q1 (seasonally weak for bookings) and 1.08 a year ago. Arris ended Q2 with $620M in cash/short-term investments, and $1.59B in debt.
- Shares have risen to $32.17 AH.
- Q2 results, PR
Jul. 29, 2015, 4:03 PM
- Arris Group (NASDAQ:ARRS): Q2 EPS of $0.53 in-line.
- Revenue of $1.26B (-11.9% Y/Y) in-line.
Jul. 28, 2015, 5:35 PM
- ACGL, AEGN, AEL, AEM, AFFX, ALGT, ANIK, AR, ARII, ARRS, ASGN, ASH, ATW, BANC, BAX, BKCC, BLKB, BXP, CAVM, CBL, CEMP, CGI, CHDN, CHMT, CLD, CMO, CMPR, CNO, CNW, CROX, CSGP, CW, CWT, CXO, DDR, DOX, DRE, DYAX, EHTH, ELY, EQIX, EQY, ESRT, ESV, EXR, FARO, FB, FBP, FICO, FISV, FMI, FNF, FOE, FORM, FORR, HLS, HOLX, HOS, HY, IPCM, ISIL, IXYS, KEG, KEX, KGC, KRA, KRG, KS, LNC, LOCK, LPSN, LRCX, MAA, MANT, MAR, MC, MCK, MDAS, MEOH, MET, MMLP, MTGE, MTW, MUR, NBIX, NE, NOW, NSIT, NTRI, NXPI, O, OGS, OI, ORLY, OTEX, PDM, PEGA, PEIX, PPC, PSA, PTC, PVA, QGEN, QUIK, RKUS, ROG, RRTS, SBAC, SCI, SCTY, SFLY, SGMO, SKX, SPRT, SSNC, SSS, STAA, SU, TAL, TER, THG, THRM, THRX, TILE, TTEK, UNM, VAR, VGR, VNDA, VRTX, WDC, WES, WFM, WGP, WLL, WMB, WMGI, WSTL, WTS, WYNN
Jul. 10, 2015, 4:17 PM
- Arris (NASDAQ:ARRS) now expects Q2 revenue of $1.25B-$1.26B and EPS of $0.51-$0.55, below prior guidance of $1.27B-$1.31B and $0.53-$0.58, and a consensus of $1.29B and $0.56.
- CEO Bob Stanzione: "Our business continues to be impacted by external factors, most notably the various pending industry consolidations and by the strengthening of the US dollar. At this point, we anticipate that these factors will continue to impact us in the second half of 2015."
- He adds Arris' pending acquisition of U.K. rival Pace (has a strong European presence) is expected to "help counter some of these industry conditions as a result of anticipated synergies and a more diversified customer base and product portfolio."
- Shares have fallen to $29.00 AH. The set-top/cable infrastructure vendor reports on July 29.
Apr. 29, 2015, 4:04 PM
- Arris Group (NASDAQ:ARRS): Q1 EPS of $0.44 in-line.
- Revenue of $1.21B (-1.6% Y/Y) misses by $10M.
Apr. 28, 2015, 5:35 PM
- AEL, AFFX, AR, ARII, ARRS, ASGN, ASH, ATRC, ATW, AVG, AXS, BIDU, BLKB, BVN, CACI, CAVM, CBT, CHMT, CMO, CMPR, CNO, CNW, COHR, CRL, CSGP, CSII, CW, CWT, DOX, DRE, DXCM, DYAX, ECOL, ELGX, EQIX, EQY, ES, ESV, EXL, EXR, FLEX, FOE, FORM, FORR, GLUU, HOLX, HOS, HY, IPCM, ISIL, KAMN, KEG, KEX, KRA, LNC, LOCK, LOPE, LXRX, MAA, MAC, MANT, MAR, MDAS, MEOH, MEP, MMLP, MTGE, MTW, MUR, NE, NSR, NXPI, O, OGS, OIS, PDM, PPC, PRXL, PTC, QEP, QUIK, RKT, ROG, RRTS, SAM, SCI, SFLY, SGI, SPOK, SPRT, SSS, STAA, STR, SU, TAL, TCO, TEX, TILE, TTEK, TTMI, TX, UNM, VAR, VRTX, WLL, WMB, WMGI, WTS, XL, YELP
Feb. 18, 2015, 6:25 PM
- Though it beat Q4 EPS estimates (while posting in-line revenue), Arris (NASDAQ:ARRS) is guiding for Q1 revenue of $1.2B-$1.24B and EPS of $0.40-$0.45, almost entirely below a consensus of $1.24B and $0.55. The company blames "anticipated reductions in volume, product mix, and price reductions implemented at the beginning of the year."
- On the other hand, Q4 order activity was healthy: Backlog rose 6% Q/Q and 17% Y/Y to $631M, yielding a book-to-bill of 1.03 (up from 0.86 in Q3 and 1.01 a year ago). The company notes it "made significant market share gains" (in large part at Cisco's expense) in 2014, and that key design wins will enter production in 2015.
- Thanks to Motorola-related SG&A spending cuts and lower charges, GAAP operating expenses fell 8% Y/Y to $291M (boosted EPS). $127M in tax benefits were recorded related to the Motorola deal.
- Shares have fallen to $26.98 AH. They rose 5.1% in regular trading.
- Q4 results, PR
Feb. 18, 2015, 4:03 PM
- Arris Group (NASDAQ:ARRS): Q4 EPS of $0.78 beats by $0.17.
- Revenue of $1.26B (+5.0% Y/Y) in-line.
Feb. 17, 2015, 5:35 PM
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Oct. 29, 2014, 4:13 PM
- Arris Group (NASDAQ:ARRS): Q3 EPS of $0.81 beats by $0.09.
- Revenue of $1.4B (+30.8% Y/Y) in-line.
Oct. 28, 2014, 5:35 PM
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Oct. 22, 2014, 11:02 AM
- Broadcom (NASDAQ:BRCM) is above $40 after soundly beating Q3 estimates and providing better-than-feared Q4 guidance. On its CC (transcript), the company noted its Q3 beat was fueled by 16% Q/Q growth for its broadband/wireless connectivity chip reporting segment (67% of revenue).
- Wireless connectivity sales almost certainly got a lift (given Apple's numbers) from strong iPhone-related orders. The iPhone 6/6 Plus feature a Broadcom combo chip containing an 802.11ac Wi-Fi radio; 802.11ac parts carry higher ASPs than chips sporting 802.11n Wi-Fi radios (such as the one in the iPhone 5S).
- Broadband connectivity sales benefited from strong HD set-top IC sales (aided by share gains) for emerging markets designs. That appears to be giving a lift to set-top vendor/Broadcom client Arris (NASDAQ:ARRS) ahead of its Oct. 29 Q3 report.
- The networking/infrastructure chip segment's sales were roughly flat Q/Q at $651M, in-line with expectations. Data center and carrier-related sales both fell - soft telecom capex has taken a toll on many firms - while enterprise and home product sales rose. "Some pickup" is expected in carrier-related sales next year.
- During the Q&A, CEO Scott McGregor hinted Broadcom could announce new capital return plans during its Dec. 9 analyst day, given it now has over $2.7B in U.S. cash. $277M was spent on buybacks in Q3.
ARRIS International PLC, formerly ARRIS Group Inc provides entertainment & communications solutions. It provides Customer Premises Equipment including set-top, gateway, DSL & cable modem; and Network & Cloud including video infrastructure.
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