Ixia Q3 Profit Down, To Buy Optics For $190 Mln

(RTTNews) - Ixia (XXIA) Tuesday reported third-quarter net income of $6.0 million or $0.08 per share, compared to $10.9 million or $0.14 per share last year.

Adjusted earnings for the third quarter was $14.4 million, or $0.18 per share, compared to net income of $16.5 million or $0.21 per share last year.

Total revenues for the third quarter grew to $115.4 million, compared with $110.6 million last year.

Analysts polled by Thomson Reuters expected earnings of $0.17 per share on revenues of $114.97 million for the quarter. Analysts' estimates typically exclude special items.

Separately, Ixia said it agreed to buy Optics Inc., a provider of total application and network visibility solutions, for $190 million in cash. The acquisition is anticipated to close in the fourth quarter.