Today's news of JDS Uniphase's (NASDAQ: JDSU ) fiscal Q1 2014 results was decidedly mixed. For the quarter, the company took in revenue of $429 million, a slight increase from the $421 million it posted in the same period the previous year. The company netted a profit of $30.2 million ($0.13 per diluted share), against Q1 2013's $35.0 million ($0.15).
Those numbers were good enough to beat analyst expectations, which on average were $423 million for revenue and EPS of $0.12.
The company provided forward revenue guidance for its current Q2. That line item is expected to total $420 million to $440 million, which is well below the $457 million average analyst projection.
Following the announcement of the results, JDS Uniphase's stock declined by 7.9%, or $1.17, to $14.75 in after-hours trading.