JDS Uniphase Earnings: Revenue Cold Streak Snapped

S&P 500 (NYSE:SPY) component JDS Uniphase Corporation (NASDAQ:JDSU) reported its results for the first quarter. 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: Loss widened to $11.6 million (5 cents per diluted share) from $5.8 million (loss of 3 cents per share) in the same quarter a year earlier.

Revenue: Rose 1.2% to $420.9 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. Analysts were expecting revenue of $420 million.

Quoting Management: “Our solid fiscal Q1 results reflect JDSU’s ability to deliver to its commitments even during periods of economic uncertainty,” said Tom Waechter, JDSU’s President and Chief Executive Officer.

Key Stats:

The company fell short of estimates last quarter after beating the mark the quarter before with net income of 10 cents versus a mean estimate of net income of 8 cents per share.

Looking Forward: Expectations for the second quarter have not changed from 19 cents. The average estimate for the fiscal year is 66 cents per share, down from 68 cents ninety days ago.

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

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