: Juniper Networks stock falls 5% as supply-chain ‘challenges’ push costs up


Juniper Networks Inc. JNPR stock dropped nearly 5% in the extended session Tuesday after the tech company beat Wall Street expectations for its first quarter but said that ongoing parts shortages and supply-chain “challenges” continued to hit its business. Juniper earned $85.4 million, or 26 cents a share, in the quarter, compared with $56 million, or 17 cents a share, in the year-ago quarter. Adjusted for one-time items, the company earned 48 cents a share. Revenue rose 17% to $1.37 billion. Analysts polled by FactSet expected adjusted EPS of 43 cents a share on sales of $1.34 billion. Juniper is experiencing “ongoing…

This article was originally published by Marketwatch.com. Read the original article here.

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