Reuters: Technology News: Network gear maker Ciena posts surprise adjusted profit

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Network gear maker Ciena posts surprise adjusted profit Jun 6th 2013, 11:13 Thu Jun 6, 2013 7:13am EDT (Reuters) - Network equipment maker Ciena Corp posted a surprise adjusted quarterly profit, helped by a 3 percent increase in its gross margin. The company's net loss narrowed to $27.1 million, or 27 cents per share, in the second quarter, from $27.8 million, or 28 cents per share, a year earlier. The company earned 2 cents per share before items. Revenue rose 6.3 percent to $507.7 million. Analysts on average expected an adjusted loss of 1 cent per share on revenue of $483.6 million, according to Thomson Reuters I/B/E/S.

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