(Adds Q3 outlook, Reuters Estimates)
Aug 15 (Reuters) -
ORCKIT COMMUNICATIONS LTD. (ORCT.O)
(in $) Latest Yr-ago qtr
EPS (diluted) -0.40 0.02
Net (thousands) -6,363 294
Revenue (million) 1.9 14.7
Reuters Estimates: Loss/shr $0.51 (three analysts), revenue
$1.8 million (three analysts)
--The Israel-based telecommunications equipment maker said
second-quarter results include income of $1.6 million resulting
from adjustments due to the conversion terms of its convertible
notes that were issued in March 2007.
--The company expects a third-quarter loss of 53 cents a
share on revenue of about $1.5 million.
--Orckit said the outlook does not include income or losses
due to valuation of conversion terms included in its $25.8
million principal amount of convertible subordinated notes
issued in March 2007.
--Three analysts on average expect the company to post a
loss of 46 cents a share, before special items, on revenue of
$3.9 million.
(Reporting by Aradhana Aravindan in Bangalore)
