(RTTNews) - Thursday, communications equipments maker JDS Uniphase Corp. (JDSU: News ) reported a wider loss for the first quarter, reflecting a sharp decline in revenues. However, non-GAAP earnings per share fell from last year, but came in above analysts' expectations. The company provided revenue guidance for the second quarter. In the after hours, the company's shares added more than 6% to its trading session gains.

The Milpitas, California-based company reported a GAAP net loss of $31.9 million or $0.15 per share, wider than $21.3 million or $0.10 per share in the prior-year quarter.

Non-GAAP net income declined to $9.0 million or $0.04 per share from $23.9 million or $0.11 per share for the year-ago quarter. The adjustments include amortization of acquired developed technologies of $12.2 million or $0.06 per share and stock-based compensation expenses of $7.7 million or $0.04 per share.

Quarterly net revenue decreased to $297.8 million from $377.2 million for the year-ago period. On a non-GAAP basis, including revenues of $7.5 million from the acquisition of the storage network tools business, net revenue for the first quarter was $298.6 million, down 21% from $377.3 million for the same period last year.

Analysts polled by Thomson Reuters expected the company to report earnings of $0.02 per share, on revenues of $291.76 million, for the quarter. Analysts' estimates typically exclude special items.

Non-GAAP gross margin improved to 44% from 43% a year-ago and non-GAAP operating margin was 3%, lower than 6% for the same period last year.
EBITDA declined sharply to $6.0 million from $19.7 million for the year-ago period and adjusted EBITDA was $25.6 million, down from $37.5 a year earlier.

For the sequentially preceding fourth quarter of fiscal year 2009, the company reported a wider GAAP net loss of $59.5 million or $0.28 per share, compared to $29.8 million or $0.13 per share for the year-ago. Non-GAAP net loss for the fourth quarter was $2.3 million or $0.01 per share, compared to non-GAAP net income of $15.5 million or $0.07 per share in the prior year quarter.

GAAP revenue for the fourth quarter fell 29% to $276.1 million from $390.3 million in the same quarter last year. Non-GAAP revenue for the quarter slipped to $277.0 million from $390.6 million a year ago.

For the quarter under review, total operating expenses came down to $144.6 million from $164.8 million for the same quarter last year, helped by a decline in selling, general and administrative expenses to $92.2 million from $110.6 million a year-ago.

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