Finisar Corp. (FNSR) reported net income for the fourth quarter of $3.9 million or $0.04 per share, compared to $18.0 million or $0.19 per share for the year-ago quarter.
Excluding items, adjusted net income for the latest quarter was $19.8 million or $0.20 per share.
Revenue for the fourth quarter rose to $243.42 million from $239.91 million a year ago.
Analysts polled by Thomson Reuters expected the company to earn $0.17 per share on revenue of $242.60 million for the fourth quarter. Analysts' estimates typically exclude special items.
Looking forward, the company forecasts first quarter revenue in the range of $245 million to $260 million and adjusted earnings in the range of $0.22 to $0.26 per share. Analysts currently expect the company to earn $0.20 per share on revenue of $248.94 million for the first quarter.
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