Oclaro (OCLR) +8.8% premarket after issuing upward guidance for Q2, reporting preliminary...

|By:, SA News Editor

Oclaro (OCLR) +8.8% premarket after issuing upward guidance for Q2, reporting preliminary revenues of ~$86M vs. its prior $75M-$85M estimate. The company specializing in optical communications and laser systems has made “substantial progress” in restarting production in Thailand affected by recent flooding, CEO Alain Couder says.