JDS Uniphase Earnings: JUMPS Past Analyst Revenue Estimate

S&P 500 (NYSE:SPY) component JDS Uniphase Corporation (NASDAQ:JDSU) swung to a loss in the fourth quarter, missing analysts’ forecast. JDS Uniphase provides communications test and measurement solutions and optical products for cable operators, telecommunications service providers and network equipment manufacturers.

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JDS Uniphase Corporation Earnings Cheat Sheet

Results: Reported a loss of $24.3 million (10 cents per diluted share) in the quarter. JDS Uniphase Corporation had a net income of $9.3 million or 4 cents per share in the year-earlier quarter.

Revenue: Fell 6.9% to $439.3 million from the year-earlier quarter.

Actual vs. Wall St. Expectations: JDS Uniphase Corporation fell short of the mean analyst estimate of 9 cents per share. It beat the average revenue estimate of $420 million.

Quoting Management: “JDSU’s execution on its strategic priorities is leading to market share gains and financial leverage despite challenging economic conditions,” said Tom Waechter, JDSU’s President and Chief Executive Officer. “Our focus on innovation and operational excellence accelerated in fiscal 2012 and we look forward to advancing our target business model in fiscal 2013.”

Key Stats:

Revenue has fallen for the last three quarters in a row. In the third quarter, revenue declined 9.9% to $409.2 million while the figure fell 12.8% in the second quarter from the year earlier.

For two quarters in a row, the company has come in under analyst estimates. In the third quarter, it missed expectations by 2 cents with net income of 5 cents versus a mean estimate of net income of 7 cents per share.

Looking Forward: The outlook for the company’s results in the upcoming quarter is unfavorable. The average estimate for the first quarter of the next fiscal year is 12 cents per share, down from 18 cents ninety days ago. For the fiscal year, the average estimate has moved down from 47 cents a share to 38 cents over the last sixty days.

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(Company fundamentals provided by Xignite Financials. Earnings estimates provided by Zacks)

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