logo
Share SHARE
FONT-SIZE Plus   Neg

JDS Uniphase Slips To Loss In Q3 - Quick Facts

Communication equipment maker JDS Uniphase Corp. (JDSU, JDU.TO) reported that its third-quarter GAAP net loss was $17.4 million, or $0.08 per share, compared to net income of $38.6 million, or $0.16 per share for the third fiscal quarter of 2011.

On a non-GAAP basis, net income was $25.3 million or $0.11 per share, down from $51.0 million, or $0.22 per share for the third fiscal quarter of 2011.

Net revenue decreased to $409.2 million from $454.0 million in the same quarter last year.

Analysts polled by Thomson Reuters expected the company to report earnings of $0.11 per share on revenues of $420.27 million for the quarter. Analysts' estimates typically exclude special items.

For the fourth quarter of fiscal 2012, ending June 30, 2012, the Company expects non-GAAP net revenue to be in the range of $415 million to $435 million. Analysts expect the company to report revenues of $456.56 million for the fourth-quarter.

by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

Quick Facts

Editors Pick
Google is planning to significantly expand a carpool service on its navigational app Waze, according to a report in the Wall Street Journal. The move indicates the company is edging closer to a potential clash with ride-hailing service Uber Technologies Inc. Private equity firm Sycamore Partners has won the bankruptcy auction for the e-commerce business and intellectual property of U.S. women's apparel retailer The Limited with a bid of $26.8 million, Reuters reported, citing people familiar with the matter. A U.S. bankruptcy court judge must now approve the sale to Sycamore Partners. French telecommunications operator Orange SA reported Thursday higher net profit in its fiscal year 2016 mainly on income from discontinued operations. Operating income, meanwhile, declined, despite increased revenues. For fiscal 2017, the company projects higher adjusted EBITDA, a key earnings metric.
comments powered by Disqus
Follow RTT