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Finisar Corp. (FNSR) Is Heading Higher On Q3 Results

Finisar Corp. (FNSR) reported third quarter adjusted EPS of $0.17 after the bell Thursday, down from $0.23 in the previous year. The consensus estimate was for EPS of $0.16. The company expects to report fourth quarter adjusted EPS of $0.15 to $0.19. The consensus estimate is for EPS of $0.17. The stock is now up 0.51 on 282K shares.

Finisar gapped open higher Thursday, but traded in a range throughout the session. The stock closed up by 0.83 at $15.84 on above average volume. Finisar jumped to a 2-week high and re-crossed its 50-day moving average.

by RTT Staff Writer

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