Wednesday, February 13, 2013

Ruckus Off 5% Despite Q4 Beat; Q1 View In-Line

Shares of wireless equipment provider Ruckus Wireless (RKUS) are down $1.37, or 5%, at $24.50 in late trading after the company this afternoon reported� Q4 revenue and earnings per share that topped analysts’ estimates, and projected this quarter’s results higher than consensus as well.

Revenue in the three months ended in December rose 51%, year over year, to $62.2 million, yielding EPS per share of 7 cents, excluding some costs.

Analysts had been modeling $60.5 million and 5 cents per share.

For the current quarter, the company sees revenue in a range of $62 million to $64 million, and earnings per share, excluding some costs, of 3 cents to 4 cents.That is� in line with the consensus for $62.6 million and 3 cents.


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