Juniper reports 4Q loss

SUNNYVALE, Calif. (AP) _ Juniper Networks Inc. (JNPR) on Tuesday reported a fourth-quarter loss of $148.1 million, after reporting a profit in the same period a year earlier.

The Sunnyvale, California-based company said it had a loss of 40 cents per share. Earnings, adjusted for one-time gains and costs, came to 53 cents per share.

The results exceeded Wall Street expectations. The average estimate of 13 analysts surveyed by Zacks Investment Research was for earnings of 52 cents per share.

The computer network equipment maker posted revenue of $1.24 billion in the period, also topping Street forecasts. Eight analysts surveyed by Zacks expected $1.23 billion.

For the year, the company reported profit of $306.2 million, or 80 cents per share. Revenue was reported as $5.03 billion.

For the current quarter ending in April, Juniper expects its per-share earnings to range from 22 cents to 28 cents.

The company said it expects revenue in the range of $1.02 billion to $1.08 billion for the fiscal first quarter. Analysts surveyed by Zacks had expected revenue of $1.15 billion.

Juniper shares have dropped nearly 1 percent since the beginning of the year, while the Standard & Poor's 500 index has risen almost 6 percent. In the final minutes of trading on Tuesday, shares hit $28.32, an increase of 7 percent in the last 12 months.

This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on JNPR at https://www.zacks.com/ap/JNPR