Finisar Corp. (FNSR: Quote) Thursday reported third-quarter net loss of $3.4 million or $0.04 per share, compared with $8.9 million or $0.09 per share last year.
Excluding items, adjusted earnings for the quarter were $16.9 million or $0.17 per share, compared with $22.4 million or $0.23 per share a year ago.
Revenues for the quarter were $238 million, compared with $243 million a year ago.
Analysts polled by Thomson Reuters estimated earnings of $0.16 per share on revenues of $238.36 million for the quarter. Analysts’ estimates typically exclude special items.
Looking ahead to the fourth quarter, the company expects adjusted earnings of $0.15 to $0.19 per share on revenues of $235 million to $250 million. Analysts currently expect earnings of $0.17 per share on revenues of $241 million.
Finisar engages makes optical subsystems and components for use in fiber optics-based data communication and telecommunication networks applications.
Click here to receive FREE breaking news email alerts for FINISAR CORP and others in your portfolio
by RTT Staff Writer
For comments and feedback: editorial@rttnews.comBusiness News