JDS Uniphase Q2 Net Beats Expectations

JDS Uniphase (NASDAQ: JDSU  ) 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.

Read/Post Comments (0) | Recommend This Article (1)

Comments from our Foolish Readers

Help us keep this a respectfully Foolish area! This is a place for our readers to discuss, debate, and learn more about the Foolish investing topic you read about above. Help us keep it clean and safe. If you believe a comment is abusive or otherwise violates our Fool's Rules, please report it via the Report this Comment Report this Comment icon found on every comment.

Be the first one to comment on this article.

Sponsored Links

Leaked: Apple's Next Smart Device
(Warning, it may shock you)
The secret is out... experts are predicting 458 million of these types of devices will be sold per year. 1 hyper-growth company stands to rake in maximum profit - and it's NOT Apple. Show me Apple's new smart gizmo!

DocumentId: 2225999, ~/Articles/ArticleHandler.aspx, 3/29/2015 3:32:09 AM

Report This Comment

Use this area to report a comment that you believe is in violation of the community guidelines. Our team will review the entry and take any appropriate action.

Sending report...