JDS Uniphase Corp. (JDSU) posted a second quarter loss of $19.5 million or $0.09 per share, compared to a loss of $722.9 million or $3.36 per share in the prior year period. On a non-GAAP basis, net income for the quarter was $26.6 million or $0.12 per share, compared to $25.6 million or $0.12 per share in the year-ago quarter.
On average, ten analysts polled by Thomson Reuters expected the company to report earnings of $0.09 per share. Analysts' estimates typically exclude special items.
Net revenue for the quarter was $342.9 million, compared to $353.8 million in the year-ago period. Non-GAAP net revenue was $343.8 million, compared to $354.0 million in last year quarter.
Nine Wall Street analysts expected revenues of $334.24 million for the quarter.
Looking forward, for the third quarter, the company expects non-GAAP net revenue in the range of $325 to $350 million. Wall Street analysts expect revenues of $322.68 million.
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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.