Juniper records loss of US$37.1 mln in Q2

Juniper recorded a loss of US$37.1 mln in the second quarter and per share loss hit 12 US cents. The company reaped net profit of US$19.6 mln and gained 6 US cents per share in the same period last year. Deducting restructuring cost, stock compensation expense and other projects, it gained 9 US cents per share, which met the market expectation after the release of earnings warnings. The Q2 turnover soared 79% to US$222 mln, down 39% from the first quarter. It is the first time that Juniper suffers quarter-on-quarter drop for five years.

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