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Wednesday, May 2
2012, 4:22 PM
More on JDS Uniphase's FQ3: The company blames later-than-expected carrier orders and macro...
More on JDS Uniphase's FQ3: The company blames later-than-expected carrier orders and macro issues for its top-line weakness. Spending cuts allowed earnings to meet estimates. Gross margin fell 130 bps Q/Q and 210 bps Y/Y to 45.5%. Telecom optical component sales +3.7% Q/Q but -22.5% Y/Y. Commercial lasers were strong, +19% Q/Q and +21% Y/Y. JDSU -4.8% AH. FNSR -3.5%. OCLR -1%. (PR)