Arris Group Inc. Reports 19% Retreat In Q4 Bottom Line

(RTTNews) - Arris Group Inc. (ARRS) reported earnings for fourth quarter that retreated compared to the same period last year.

The company said its bottom line fell to $93.49 million, or $0.56 per share. This was down from $115.92 million, or $0.78 per share, in last year's fourth quarter.

Analysts had expected the company to earn $0.47 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company said revenue for the quarter fell 12.7% to $1.10 billion. This was down from $1.26 billion last year.

Arris Group Inc. earnings at a glance:

-Earnings (Q4): $93.49 Mln. vs. $115.92 Mln. last year. -Earnings Decline (Y-o-Y): -19.3% -EPS (Q4): $0.56 vs. $0.78 last year. -EPS Decline (Y-o-Y): -28.2% -Analysts Estimate: $0.47 -Revenue (Q4): $1.10 Bln vs. $1.26 Bln last year. -Revenue Change (Y-o-Y): -12.7%