: Acacia forecasts earnings above Street view

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Acacia Communications Inc. ACIA released preliminary results late Monday prior to a company call expected to address its decision to not go through with a merger with Cisco Systems Inc. CSCO The company said it expects adjusted earnings of 88 cents to 97 cents a share on revenue of $160 million to $164 million for the fourth quarter, and $2.86 to $2.95 a share on revenue of $579.3 million to $583.3 million for the year. Analysts surveyed by FactSet forecast adjusted earnings of 76 cents a share on revenue of $162.2 million for the fourth quarter, and $2.73 a share on revenue of $581.5 million for the year. On Friday, Acacia said it was terminating a $2.6 billion agreement to merge with Cisco after the companies disagreed on how to approach the stance of Chinese regulators with respect to the deal. Acacia shares rose 1.4% after hours, following a 3.1% rise to close at $82.09 in the regular session.
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