Oplink Communications Inc. (NASDAQ:OPLK) delivered a profit and beat Wall Street’s expectations, AND beat the revenue expectation. The revenue beat is a positive sign to shareholders seeking high growth out of the company.
Oplink Communications Inc. Earnings Cheat Sheet
Results: Adjusted Earnings Per Share increased 26.32% to $0.24 in the quarter versus EPS of $0.19 in the year-earlier quarter.
Revenue: Rose 11.39% to $49.29 million from the year-earlier quarter.
Actual vs. Wall St. Expectations: Oplink Communications Inc. reported adjusted EPS income of $0.24 per share. By that measure, the company beat the mean analyst estimate of $0.21. It beat the average revenue estimate of $45.81 million.
Quoting Management: “The fourth quarter closed a solid year of financial performance for Oplink,” said Joe Liu, Chairman and CEO of Oplink. “As we enter fiscal 2014, we are seeing some signs of increased demand, and we are optimistic that these trends will continue. We see growth opportunities for our products in both the telecom and datacom markets and we will continue to work closely with our customers to bring cost-effective, next generation optical solutions to market to meet the increasing demand for bandwidth.”
Key Stats (on next page)…