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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