Arris Group Inc. Earnings Decline 30% In Q3

(RTTNews) - Arris Group Inc. (ARRS) revealed a profit for third quarter that retreated from last year.

The company said its profit came in at $83.68 million, or $0.56 per share. This was down from $120.12 million, or $0.81 per share, in last year's third quarter.

Analysts had expected the company to earn $0.56 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company said revenue for the quarter fell 13.5% to $1.22 billion. This was down from $1.41 billion last year.

Arris Group Inc. earnings at a glance:

-Earnings (Q3): $83.68 Mln. vs. $120.12 Mln. last year. -Earnings Decline (Y-o-Y): -30.3% -EPS (Q3): $0.56 vs. $0.81 last year. -EPS Decline (Y-o-Y): -30.9% -Analysts Estimate: $0.56 -Revenue (Q3): $1.22 Bln vs. $1.41 Bln last year. -Revenue Change (Y-o-Y): -13.5%