JDS Uniphase (JDSU-NASDAQ) just reported earnings: non-GAAP EPS was $0.06 (but was -$0.07 on GAAP) on revenues of $361.7 million; versus estimates of $0.10 and $346.5 million. The company’s guidance for revenues to come in between $325 to $345 million compared to First Call estimates of $354.5M. The company did at least generate positive cash flow.
Americas’ customers represented 54% of net revenue. European and Asia- Pacific customers represented 27% and 19% of net revenue. Here is the unit break-down: Communications Test and Measurement non-GAAP net revenue of $162.9 million was down 3% from last quarter, and up 28% from the same quarter a year ago. This segment represented 45% of total revenue. Optical Communications non-GAAP net revenue of $128.7 million was down 3% from last quarter, and up 1% from the same quarter a year ago, representing 36% of total net revenue. Advanced Optical Technologies non-GAAP net revenue of $45.6 million was up 13% from last quarter, and up 12% from the same quarter a year ago. This segment represented 12% of total net revenue.
The problem with playing JDS Uniphase ahead of earnings is that it has a scattered history, and if you have been trading long enough you will know that comment is the understatement of the year. Options traders were only prepared for this stock to move $0.55 to $0.70 in either direction.
Shares closed up 2.5% at $16.64 in regular trading and the 52-week trading range adjusted for its reverse split is $13.93 to $29.28. If all the numbers are accurate, it looks like JDSU is still having a hard time with street expectations. Shares are down over 4% to under $16.00 in after-hours trading.
Jon C. Ogg
May 2, 2007
Jon Ogg can be reached at [email protected]; he does not own securities in the companies he covers.
The Average American Has No Idea How Much Money You Can Make Today (Sponsor)
The last few years made people forget how much banks and CD’s can pay. Meanwhile, interest rates have spiked and many can afford to pay you much more, but most are keeping yields low and hoping you won’t notice.
But there is good news. To win qualified customers, some accounts are paying almost 10x the national average! That’s an incredible way to keep your money safe and earn more at the same time. Our top pick for high yield savings accounts includes other benefits as well. You can earn up to 3.80% with a Checking & Savings Account today Sign up and get up to $300 with direct deposit. No account fees. FDIC Insured.
Click here to see how much more you could be earning on your savings today. It takes just a few minutes to open an account to make your money work for you.
Our top pick for high yield savings accounts includes other benefits as well. You can earn up to 4.00% with a Checking & Savings Account from Sofi. Sign up and get up to $300 with direct deposit. No account fees. FDIC Insured.
Thank you for reading! Have some feedback for us?
Contact the 24/7 Wall St. editorial team.
Latest from 24/7
Our expert who first called NVIDIA in 2009 is predicting 2025 will see a historic AI breakthrough.
You can follow him investing $500,000 of his own money on our top AI stocks for free.