Finisar (Nasdaq: FNSR ) reported earnings on Dec. 5. Here are the numbers you need to know.
The 10-second takeaway
For the quarter ended Oct. 28 (Q2), Finisar met expectations on revenues and beat expectations on earnings per share.
Compared to the prior-year quarter, revenue dropped and GAAP earnings per share contracted to zero.
Margins shrank across the board.
Finisar logged revenue of $232.0 million. The 12 analysts polled by S&P Capital IQ anticipated revenue of $231.8 million on the same basis. GAAP reported sales were 3.9% lower than the prior-year quarter's $241.5 million.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.
EPS came in at $0.15. The 14 earnings estimates compiled by S&P Capital IQ anticipated $0.14 per share. GAAP EPS contracted to zero from the prior-year quarter's $0.06.
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.
For the quarter, gross margin was 28.4%, 140 basis points worse than the prior-year quarter. Operating margin was 0.0%, 370 basis points worse than the prior-year quarter. Net margin was 0.1%, 240 basis points worse than the prior-year quarter.
Next quarter's average estimate for revenue is $239.5 million. On the bottom line, the average EPS estimate is $0.17.
Next year's average estimate for revenue is $934.7 million. The average EPS estimate is $0.60.
The stock has a two-star rating (out of five) at Motley Fool CAPS, with 440 members out of 483 rating the stock outperform, and 43 members rating it underperform. Among 82 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 73 give Finisar a green thumbs-up, and nine give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Finisar is outperform, with an average price target of $16.17.
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