JDS Uniphase Earnings: Here’s Why Investors are Happy Now
JDS Uniphase Corporation (NASDAQ:JDSU) delivered a profit and missed Wall Street’s expectations, AND came up short on beating the revenue expectation. The revenue miss is a negative sign to shareholders seeking high growth out of the company. Shares are up 4.63%.
JDS Uniphase Corporation Earnings Cheat Sheet
Results: Adjusted Earnings Per Share decreased 9.09% to $0.10 in the quarter versus EPS of $0.11 in the year-earlier quarter.
Revenue: Decreased 0.95% to $405.3 million from the year-earlier quarter.
Actual vs. Wall St. Expectations: JDS Uniphase Corporation reported adjusted EPS income of $0.10 per share. By that measure, the company missed the mean analyst estimate of $0.11. It missed the average revenue estimate of $417.28 million.
Quoting Management: “The March quarter experienced delayed carrier capex budget releases resulting in lower revenue than expected in our Communications Test and Measurement and Optical Communications businesses,” said Tom Waechter, President and CEO of JDSU. “Despite the revenue challenges, the JDSU team delivered solid results in most areas of the business. Our innovation engine and product portfolio align well with our customers’ strategic priorities, enabled by healthy cash generation and our strong balance sheet.”
Key Stats (on next page)…