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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