ARRIS Issues Q1 Guidance; Board Approves $300 Mln Share Repurchase Program

(RTTNews) - ARRIS International plc (ARRS) announced, the company projects its first quarter revenues will be in the range of $1.56 to $1.61 billion, with adjusted net income per share in the range of $0.37 to $0.42 and GAAP net income per share in the range of $0.01 to $0.06. Analysts polled by Thomson Reuters expect the company to report profit per share of $0.58 on revenue of $1.68 billion. Analysts' estimates typically exclude special items.

The company also announced that on February 16, 2016, its Board approved a new $300 million share repurchase authorization replacing all prior programs.