JDS Uniphase Corp. (JDSU, JDU.TO) reported a net loss of $31.9 million or $0.15 per share for the first quarter, compared to a net loss of $21.3 million or $0.10 per share in the prior year quarter.
Non-GAAP net income for the quarter was $9.0 million or $0.04 per share, compared to $23.9 million or $0.11 per share in the year-ago quarter.
Net revenue for the fist quarter increased to $297.8 million from $377.2 million in the previous year quarter.
On a non-GAAP basis, net revenue for the first quarter was $298.6 million, down from $377.3 million in the first quarter of fiscal 2009.
Analysts polled by Thomson Reuters expected the company to report earnings of $0.02 per share on revenue of $291.76 million for the quarter. Analysts' estimates typically exclude special items.
For the second quarter of fiscal 2010, the company expects non-GAAP net revenue to be in the range of $320 to $345 million. Street expects revenue of $306.14 million for the quarter.
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June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.