Weak Economy Hurts Networking Firm
Ciena had a third-quarter loss of $0.04, worse than the $0.02 loss expected by the Street. For the current quarter, revenue is expected to be no more than $480 million, versus consensus of $499 million. CIEN drops 10 percent before the bell on my tradeMONSTER platform.
Vera Bradley Misses Consensus, Lowers Guidance
Vera Bradley earned just $0.33 a share in the second quarter, missing the $0.35 consensus estimate. Management also cut its full-year outlook to a range of between $1.60 and $1.63, versus $1.68 to $1.71 previously. VRA is down 9 percent in the premarket.
Pandora Media Rallies on Strong Results
Pandora Media reported breakeven results for the second quarter on revenue of $101.3 million. Analysts had expected a loss of $0.03 on revenue of $100.9 million. Management also raised full-year guidance and P is rallying 16 percent in early trading.
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