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Optical component vendor Oclaro (OCLR), which already fell 9.5% yesterday, is down 5.6%...
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Thursday, November 10, 2011, 8:14 AM ETOptical component vendor Oclaro (OCLR), which already fell 9.5% yesterday, is down 5.6% premarket today after reporting FQ1 revenue of $105.8M (-3% Y/Y) and EPS of -$0.22; the latter beat by a penny, but the former missed by $1.3M. More importantly, thanks largely to Thai flooding, Oclaro expects FQ2 revenue of just $75M-$85M, far below a $115.7M consensus. (transcript)
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