JDS Uniphase Beats on Q1 Results, but Revenue Guidance Misses
Today's news of JDS Uniphase's fiscal Q1 2014 results was decidedly mixed. For the quarter, the company took in revenue of $429 million, a slight increase from the $421 million it posted in the same period the previous year. The company netted a profit of $30.2 million ($0.13 per diluted share), against Q1 2013's $35.0 million ($0.15).
Those numbers were good enough to beat analyst expectations, which on average were $423 million for revenue and EPS of $0.12.
The company provided forward revenue guidance for its current Q2. That line item is expected to total $420 million to $440 million, which is well below the $457 million average analyst projection.
Following the announcement of the results, JDS Uniphase's stock declined by 7.9%, or $1.17, to $14.75 in after-hours trading.
The article JDS Uniphase Beats on Q1 Results, but Revenue Guidance Misses originally appeared on Fool.com.Fool contributor Eric Volkman has no position in JDS Uniphase. Nor does The Motley Fool. Try any of our Foolish newsletter services free for 30 days. We Fools don't all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.
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