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Finisar Corp. (FNSR) Is Losing Ground After Q3 Miss

Finisar Corp. (FNSR) reported third quarter non-GAAP EPS of $0.20 after the close Thursday, which fell short of the consensus estimate of $0.23. Fourth quarter non-GAAP EPS is expected to be between $0.09 and $0.15. Street expectations are for EPS of $0.22. The stock is now down 1.07 on 585K shares.

Finisar jumped in early trade Thursday, but then reversed and declined for the bulk of the session. The stock finished down by 0.18 at $20.22.

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