JDS Uniphase Corp. (JDSU) reported a loss of 15 cents per share for the first quarter, wider than the Zacks Consensus Estimate of loss of 4 cents per share.

Net revenues were $297.8 million, compared to net revenues of $273.1 million for the prior quarter and net revenues of $273.1 million for the year-ago quarter.

Non-GAAP net revenues were $298.6 million, which includes $7.5 million from the acquisition of the Storage Network Tools business Incorporatedreased 9% when compared to the previous quarter and decreased 21% when compared to the first quarter of fiscal 2009.

Communications Test and Measurement revenues of $143.4 million increased 8% from the previous quarter and decreased 11%, compared to the first quarter of fiscal 2009. Revenues from this segment represented 48% of total non-GAAP net revenues.

Communications and Commercial Optical Products revenues of $101.1 million increased 12% when compared with the previous quarter and decreased 38% when compared to the first quarter of fiscal 2009.  Revenues from this segment represented 34% of total non-GAAP net revenues.
Revenue from the Advanced Optical Technologies segment was $54.1 million increased 7% from the previous quarter and 1% compared to the first quarter of fiscal 2009.  Revenues from this segment represented 18% of total non-GAAP net revenues.

Americas’ customers represented 51% of total non-GAAP net revenues for the quarter. European and Asia-Pacific customers represented 27% and 22% of total non-GAAP net revenue, respectively.

The Company held $673.1 million in total cash and investments and free cash flow was positive at $11.2 million for the quarter.

For the second quarter of fiscal 2010, the company expects non-GAAP net revenue to be in the range of $320 to $345 million.

JDS provides communications test and measurement solutions, and optical products to telecommunications service providers, cable operators, and network equipment manufacturers. The company’s Communications Test and Measurement segment provides test tools, platforms, and services for optical transport networks, DSL services, data networks, cable networks, digital video broadcast, and fiber characterization services; and instruments, service assurance systems, and services for communications network operators and equipment manufacturers that deliver and/or operate broadband/IP networks deploying triple- and quad-play services. Major competitors include Agilent Technologies Inc. (A) and Finisar Corp. (FNSR).

Zacks Investment Research
View original at: Zacks.com News Feed

1. (CCI) Crown Castle International’s Earnings Loss Wider than ExpectedHigher interest expenses and amortization of deferred financing cost together with net loss on interest...
2. (THRX) Theravance Earnings Post Loss Wider Than ExpectedTheravance (THRX) announced its third quarter results after the closing bell yesterday. The company’s loss...
3. (VRTX) Vertex Pharmaceuticals Posts Wider LossVertex Pharmaceuticals (VRTX) posted a loss of 83 cents per share in the third quarter,...
4. (TEX) Terex Corporation Reported Wider-Than-Expected Net LossConstruction and mining equipment manufacturer Terex Corporation (TEX) announced its third quarter results recently. The...
5. (HWD) Harry Winston Diamond Corp Q2 Loss Much Wider Than ForecastedHarry Winston Diamond Corp. (HWD) recently reported a second-quarter net loss of $24.5 million, or...
6. (KFY) Korn Ferry International Posts Smaller Than Expected LossKorn/Ferry International (KFY) reported a narrower-than-expected fiscal first-quarter loss on lower operating expenses. The company...

Search Posts by Tag: A | Agilent Technologies Inc | Finisar Corporation | FNSR | JDS Uniphase Corporation | JDSU | Communication Equipment | Technology

RSS Feeds by Tag: A | Agilent Technologies Inc | Finisar Corporation | FNSR | JDS Uniphase Corporation | JDSU | Communication Equipment | Technology |

Other Posts by: vitalstocks | RSS Feed for this author