JDS Uniphase revenue falls on weak demand for optical components
Aug 13 (Reuters) - Network equipment testing company JDS Uniphase Corp reported a lower quarterly revenue on weak demand for optical components from telecom customers.
The company reported a profit of $92.5 million, or 38 cents per share, in the fourth quarter, compared with a loss of $22.2 million, or 10 cents per share, a year earlier.
Excluding one-time items, it earned 13 cents per share.
Net revenue fell 3 percent to $421.3 million in the three months ended June 29.
JDS Uniphase makes instruments and test tools to deploy and optimize communications equipment and broadband networks for customers such as AT&T Inc, Time Warner Cable Inc and Verizon Communications Inc.
It also supplies equipment to network-gear makers such as Cisco Systems Inc.
The company's shares fell 3 percent after market. They had closed at $14.80 on the Nasdaq.
- U.S.'s Kerry expresses regret to India over diplomat case |
- Mega Millions winners in Georgia, California to split $648 million |
- China confirms near miss with U.S. ship in South China Sea
- Washington, DC city council raises minimum wage to $11.50/hr in 2016
- Fed cuts bond buying in first step away from historic stimulus |