Are Your Buying One of These 3 Tech Stocks After Earnings?

JDS Uniphase Corporation (NASDAQ:JDSU) can hang its hat on beating Wall Street’s expectations. Reported a loss of $10.2 million (4 cents per diluted share) in the quarter. The communication equipment company had net income of $23.6 million or 10 cents per share in the year earlier quarter. Revenue fell 12.8% to $412.8 million from the year earlier quarter. JDS Uniphase Corporation reported adjusted net income of 15 cents per share. By that measure, the company beat the mean estimate of 4 cents per share. It beat the average revenue estimate of $390.9 million.

“Our fiscal second quarter financial results surpassed our expectations. The outstanding efforts of our team and our manufacturing partner in Thailand coupled with our continued focus on expense control resulted in revenue and operating income that exceeded our guidance. Our balance sheet remains strong and we generated over $45 million of cash from operations during the quarter,” said Tom Waechter, JDSU’s President and Chief Executive Officer. “Looking ahead, we are pleased with the improving demand for our products, as evidenced by a book to bill of greater than one in each of our business segments, although we expect macro-economic conditions to cause margin pressure in the near-term.”

Competitors to Watch: EXFO Electro-Optical Engineering (NASDAQ:EXFO), Finisar Corporation (NASDAQ:FNSR), Ixia (NASDAQ:XXIA), Oclaro, Inc. (NASDAQ:OCLR), Spirent Communications Plc (SPMYY), Tollgrade Communications, Inc. (NASDAQ:TLGD), Oplink Communications, Inc (NASDAQ:OPLK), Ciena Corporation (NASDAQ:CIEN), Agilent Technologies Inc. (NYSE:A), and RiT Technologies Ltd. (NASDAQ:RITT).

QUALCOMM Incorporated (NASDAQ:QCOM) reported net income above Wall Street’s expectations for the first quarter. Net income for the communication equipment company rose to $1.4 billion (81 cents per share) vs. $1.17 billion (71 cents per share) in the same quarter a year earlier. This marks a rise of 19.7% from the year earlier quarter. Revenue rose 39.8% to $4.68 billion from the year earlier quarter. QUALCOMM Incorporated reported adjusted net income of 97 cents per share. By that measure, the company beat the mean estimate of 81 cents per share. It beat the average revenue estimate of $4.57 billion.

“I am pleased to report another record quarter with revenues, earnings and MSM shipments reaching all-time highs, driven by our industry-leading chipset portfolio and the continued strong demand for smartphones around the world,” said Dr. Paul E. Jacobs, chairman and CEO of Qualcomm. “We are raising our revenue and earnings guidance as our broad licensing partnerships and extensive chipset roadmap, led by our integrated Snapdragon processors, position us well for strong growth in fiscal 2012. We continue to invest in innovative wireless technologies, products and services, and we are excited about the opportunities ahead as 3G and 4G continue to expand across new device types and geographies.”

Competitors to Watch: Texas Instruments Inc. (NYSE:TXN), Telefonaktiebolaget LM Ericsson (NASDAQ:ERIC), Intel Corporation (NASDAQ:INTC), Broadcom Corporation (NASDAQ:BRCM), Nokia Corporation (NYSE:NOK), Motorola Mobility Hldgs. Inc (NYSE:MMI), NVIDIA Corporation (NASDAQ:NVDA), Infineon Tech. AG (IFNNY), Atheros Communications, Inc. (NASDAQ:ATHR), and Microsoft Corporation (NASDAQ:MSFT).

RealD Inc. (NYSE:RLD) climbed to a profit in the third quarter on lower costs. Reported a profit of $2.8 million (5 cents per diluted share) in the quarter. RealD Inc. had a net loss of $16.6 million or a loss 34 cents per share in the year earlier quarter. Revenue fell 15.2% to $49 million from the year earlier quarter. RealD Inc. beat the mean analyst estimate of a loss of 6 cents per share. It beat the average revenue estimate of $42.3 million.

“Prudent management of operating expenses enabled RealD to maintain profitability during the third fiscal quarter despite a relatively muted 3D film slate,” said Michael V. Lewis, Chairman and Chief Executive Officer of RealD. “Looking forward, we are excited about the promising slate of 3D films in our fiscal 2013 that begins on March 24, 2012, as well as continued expansion within international markets.”

To contact the reporter on this story: Derek Hoffman at staff.writers@wallstcheatsheet.com

To contact the editor responsible for this story: Damien Hoffman at editors@wallstcheatsheet.com