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.
100 Million Americans Are Missing This Crucial Retirement Tool
The thought of burdening your family with a financial disaster is most Americans’ nightmare. However, recent studies show that over 100 million Americans still don’t have proper life insurance in the event they pass away.
Life insurance can bring peace of mind – ensuring your loved ones are safeguarded against unforeseen expenses and debts. With premiums often lower than expected and a variety of plans tailored to different life stages and health conditions, securing a policy is more accessible than ever.
A quick, no-obligation quote can provide valuable insight into what’s available and what might best suit your family’s needs. Life insurance is a simple step you can take today to help secure peace of mind for your loved ones tomorrow.
Click here to learn how to get a quote in just a few minutes.
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.