- JDS Uniphase (JDSU) expects FQ2 revenue of $445M (+/- $12M) and EPS of $0.15 (+/- $0.03), below a consensus of $445.9M and $0.17 at the midpoints. Given the bad news seen by many peers and suppliers, investors aren't upset with the numbers.
- Consumer/commercial optical products (about to be spun off) saw revenue rise 6.3% Q/Q and 2.3% Y/Y in FQ1 to $209.3M. Network enablement (test equipment) -19.8% and -8.5% to $132.8M; service enablement (boosted by M&A) +10.6% and +79.9% to $48.2M; optical security/performance +1.6% and -17.5% to $43.3M.
- Gross margin was 49%, -100 bps Q/Q and +270 bps Y/Y. GAAP opex +9% Y/Y to $195.1M.
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FQ1 results, PR