Shares of fiber optics component vendor JDS Uniphase (JDSU) are up 85 cents, or almost 7%, at $13.25 in late trading after the company this afternoon reported fiscal Q2 revenue and earnings per share that topped consensus expectations and projected revenue this quarter in line with consensus.
Revenue in the three months ended in December rose 4.9%, year over year, to $429.4 million, yielding EPS of 18 cents.
Analysts on average had been modeling $422.7 million and 14 cents.
Gross porfit margin, on a non-GAAP basis, rose from 47.1% a year earlier, and 45.8% in the prior quarter, to 48%. Operating margin rose from 9.8% a year earlier and 9.2% in the prior quarter to 11.3%.
For the current quarter, the company sees revenue in a range of $405 million to $425 million, roughly in line with, to slightly above, the consensus of $413 million.
JDS management will host a conference call with analysts at 5 pm, Eastern time, and you can catch the webcast of the call here.
Shares of competitor Finisar (FNSR) are up 61 cents, or 4.3%, at $14.78.
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