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JDS Uniphase Swings To 3Q Profit, Topping Street Views; Stock Up

DOW JONES NEWSWIRES JDS Uniphase Corp. (JDSU) swung to a fiscal third-quarter profit, and adjusted results rose and topped analysts' estimates, as the company saw revenue jump sharply. The company also forecast current-quarter revenue of $455 million to $475 million. Analysts surveyed by Thomson Reuters expect $470 million. Shares jumped 8.9% to $21.78 after hours. As of the close, the stock had risen 38% so far this year. JDS, which makes products for telecommunications companies, cable operators and network-equipment manufacturers, has returned to profitability in recent quarters after a more than two-year streak in the red. Results have been helped by sharp revenue growth amid continued strength in its optical-component business. For the quarter ended April 2, JDS reported a profit of $38.6 million, or 16 cents a share, from a loss of $11.9 million, or 5 cents, a year earlier. Excluding items such as stock-based compensation, earnings rose to 22 cents from 10 cents. Analysts polled by Thomson Reuters had most recently forecast earnings of 20 cents. Revenue jumped 37% to $454 million. The company had forecast $440 million to $460 million. In the communications test and measurement segment, the company's largest, revenue rose 30%, while it rose 63% in the communications and commercial optical products segment, which is involved in telecom and cable television. -By Nathan Becker, Dow Jones Newswires; 212-416-2855; nathan.becker@dowjones.com;

Stock News for Jds Uniphase (JDSU)
DateTimeHeadline
05/29/201506:19:50Specialized Disclosure Report (sd)
05/26/201516:09:42Current Report Filing (8-k)
05/22/201518:40:14Statement of Changes in Beneficial Ownership (4)
05/22/201518:38:28Statement of Changes in Beneficial Ownership (4)
05/22/201518:36:11Statement of Changes in Beneficial Ownership (4)
05/22/201518:34:16Statement of Changes in Beneficial Ownership (4)
05/22/201518:32:24Statement of Changes in Beneficial Ownership (4)
05/22/201518:30:45Statement of Changes in Beneficial Ownership (4)
05/22/201518:23:04Statement of Changes in Beneficial Ownership (4)
05/13/201508:16:41Current Report Filing (8-k)
05/11/201516:09:48Current Report Filing (8-k)
05/08/201515:51:48Statement of Changes in Beneficial Ownership (4)
05/06/201508:50:45JDS Uniphase Corp Lowered to "Hold" at Zacks (JDSU)
05/05/201516:29:28Quarterly Report (10-q)
05/01/201507:15:36JDS Uniphase Corp Price Target Lowered to $16.00 at MKM Partners...
05/01/201504:55:22JDS Uniphase Corp Price Target Cut to $10.00 by Analysts at Piper...
04/30/201516:14:53Current Report Filing (8-k)
04/20/201516:08:00Current Report Filing (8-k)
03/29/201519:39:38Further optical component M&A considered a matter of time
03/13/201519:01:42Initial Statement of Beneficial Ownership (3)

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