Shares of fiber optics component maker JDS Uniphase (JDSU) are up 68 cents, or 5%, at $13.82 in late trading after the company this afternoon reported fiscal Q2 results better than expected and forecast this quarter’s revenue in line with expectations.
Revenue in the three months ended in December fell 2%, year over year, to $413 million, yielding EPS of 15 cents, ahead of the average estimate for $391 million and 10 cents.
For the current quarter, the company sees revenue of $410 million to $425 million, roughly in line with the average $418 million estimate.
CEO Tom Waechter said he was “pleased with the improving demand for our products, as evidenced by a book-to-bill greater than one in each of our business segments.”
Test and measurement products sales rose 5.9%, year over year, while communications and commercial optical products sales fell 9.5%.
The company’s conference call with analysts is ongoing at this time, having started at 5 pm.
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