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JDS Uniphase Q2 Net Beats Expectations

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JDS Uniphase (NASDAQ: VIAV  ) announced its Q2 2013 results today. The company made $429 million in revenue on a non-GAAP basis during the quarter, a nearly 5% increase over the same period the previous year. Net profit came in at $42 million ($0.18 per share), for a 17% year-over-year rise.

On average, analysts had anticipated $423 million in top line, and EPS of $0.14 for the quarter.

The company also provided guidance for its current Q3. It expects revenue to be $405 million-$425 million. It did not indicate what it expected in terms of profit.

JDS Uniphase's shares dropped by 5% after the results were released, but were recovering in after-hours trading.

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