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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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.