Oplink Communications Inc. (OPLK) reported fourth quarter adjusted EPS of $0.19 after the close Thursday, down from $0.28 last year. The consensus estimate was for EPS of $0.12. First quarter non-GAAP EPS is expected to be between $0.16 and $0.22, compared to the consensus estimate of $0.15.
Oplink Communications gapped open higher Friday and has continued to rise on above average volume. Shares are now up 2 points at $16.26. The stock has climbed to a 3 1/2 month high and has re-crossed its 200-day moving average.
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