Fiber optics component vendor Finisar (FNSR) this afternoon reported fiscal Q3 revenue below analysts’ estimates but beat by a penny on the bottom line. The company forecast this quarter’s results below consensus.
Revenue in the three months ended in January fell 8%, year over year, to $242.95 million, yielding EPS of 23 cents, excluding some costs.
Analysts had been modeling $245 million and 23 cents.
For the current quarter, the company sees revenue in a range of $235 million to $250 million, with earnings in a range of 18 cents to 22 cents a share. That is below the average estimate of $253 million and 25 cents.
Finisar shares are down $1.18, or almost 6%, at $19.11.
Finisar management will host a conference call with analysts at 5 pm, Eastern time, and you can catch the webcast of it here.
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