JDSU, which makes communications test and measurement solutions and optical products for the telecom and cable businesses, turned in another lackluster quarter. These are supposed to be the days of broadband expansion and fiber-for-everyone as companies like Verizon (VZ) build out their FiOS system and firms like Comcast (CMCSA) and Time Warner Cable (TWC) fight to keep up. And, that is just the business in the US. North America was only 53% of the company’s business in the last quarter.
But, revenue for the quarter ending June 30 was $350.7 million and the net loss was $17.9 million, or $(0.08) per share. This compares to net revenue of $361.7 million and a net loss of $14.2 million or $(0.07) per share in the same quarter last year of 2007.
Not much is expected in the next quarter, JDSU said for the period ending September 29, 2007 revenue should be in the range of $345 to $360 million.
JDSU’s large optical communications business lost money again–over $9 million. This was offset by modest improvements in operating income in the company’s test and measurement and advanced optical units.
It is still difficult to understand how this company does well under $1.5 billion in revenue a year in the current environment. Maybe that is why the stock trades at under $14.50 down from $34 in March 2006.
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