Oplink Communications Inc. (NASDAQ:OPLK) delivered a profit and missed Wall Street’s expectations, BUT 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 38.46% to $0.18 in the quarter versus EPS of $0.13 in the year-earlier quarter.
Revenue: Rose 0.27% to $44.1 million from the year-earlier quarter.
Actual vs. Wall St. Expectations: Oplink Communications Inc. reported adjusted EPS income of $0.18 per share. By that measure, the company missed the mean analyst estimate of $0.19. It beat the average revenue estimate of $44.06 million.
Quoting Management: “We are pleased with the performance in our optics business, particularly considering the overall market climate for telecommunication,” said Joe Liu, Chairman and CEO of Oplink. “We continue to work closely with customers on design-in opportunities as they develop future datacom and telecom products. The progress we are making in our Mobile Interactive business is encouraging and we are optimistic about the growth opportunity in this area over time.”
Key Stats (on next page)…