- Oclaro (NASDAQ:OCLR) is guiding for FQ2 revenue of $80M-$88M, below a $90.8M consensus. However, like many peers and customers, the optical component vendors has priced in a lot of bad news in recent months.
- In addition, consensus might not fully account for the recent sale of Oclaro's industrial/consumer product unit to Japan's Ushio. The unit had FQ1 revenue of $7.5M, and produced $2M in FQ2 revenue prior to the closing of its sale on Oct. 27.
- Meanwhile, gross margin rose to 16.5% in FQ1 from 14.1% in FQ1 and 12.4% a year ago. FQ2 GM guidance is at 13%-17%.
- FQ1 results, PR