Earnings Statements News

JDSU fiscal 2012 second quarter exceeds management’s expectations

JDSU (NASDAQ: JDSU) (TSX: JDU) reported results for its second fiscal quarter pf 2012 ended December 31, 2011 that management said exceeded its expectations. But that doesn’t mean they...

Tellabs to restructure, cut 530 jobs

Tellabs Inc. (NASDAQ: TLAB) has initiated a restructuring that will see the company concentrate its efforts on mobile backhaul and packet optical transport systems. "In a climate of economic...

Oclaro weathers Thailand flooding in fiscal second quarter

As it had previously announced (see "Oclaro to beat guidance as it beats Thailand flooding"), Oclaro, Inc. (NASDAQ: OCLR) reported January 26 that it earned $86.5 million in revenue for...

Oclaro to beat guidance as it beats Thailand flooding

Oclaro Inc. (NASDAQ: OCLR) says that it has made significant progress in its efforts to circumvent the effects of the Thailand flooding on its production capabilities. It also says that preliminary...

Ciena finishes fiscal 2011 with a bang

Ciena Corp. (NASDAQ: CIEN) ended an up-and-down fiscal 2011 on the up side in terms of revenue, reporting $455.5 million for the fiscal fourth quarter that ended October 31. The figure marked a...

Finisar revenue grows in fiscal second quarter 2012

In a market niche looking for good news, Finisar Corp. (NASDAQ: FNSR) provided some when it reported yesterday that revenues for the second quarter of fiscal 2012 rose sequentially 5.8%. However,...

Oclaro looks to downsize

Faced with four straight quarters of revenue decline and the expectation of at least one more, Oclaro (NASDAQ:OCLR) has announced a plan to reduce its fixed infrastructure costs. The plan, which...

NeoPhotonics third quarter revenue disappoints

Let down by Huawei, its largest customer, NeoPhotonics Corp. (NYSE: NPTN) reported a 16% sequential decrease in revenue during its third quarter, which ended September 30, 2011. The $44 million the...

JDSU forecasts down due to Thailand flooding

JDSU (NASDAQ: JDSU) (TSX: JDU) expects to take a hit of $35-$45 million on a non-GAAP basis in the current quarter ending December 31 due to the effects of flooding in Thailand at...

Verizon touts third quarter performance

Led by its wireless operations, as well as growth in FiOS and s strategic business services, Verizon Communications Inc. (NYSE, NASDAQ: VZ) executives reviewed the company’s third quarter...