JDSU Beats the Street, Sees Q3 In Line

JDSU (JDSU) Tuesday afternoon reported revenue for its fiscal second quarter ended December 29 of $399.2 million, with EPS of 9 cents GAAP, 22 cents non-GAAP. That beat the Street estimates of $386.4 million, 8 cents and 12 cents. The company said it saw “across the board metric improvement” in the quarter.

For the fiscal third quarter, the maker of optical communications equipment sees revenue of $380 million to $402 million, consistent with Street estimates of $390.2 million. The company sees Q3 non-GAAP operating margin of 4%-7%. That would be down from 12.6% in the December quarter.

In after hours trading, JDSU is up $1.10, or 10.8%, to $11.26; the stock had dropped 31 cents in the regular session.

Comments

[Long-Short Guy:]

Any details on its non-optical businesses? Does it still do components for next gen TVs?

2008 Feb 06 01:37 AM