JDS Uniphase announced its Q2 2013 results today. The company made $429 million in revenue on a non-GAAP basis during the quarter, a nearly 5% increase over the same period the previous year. Net profit came in at $42 million ($0.18 per share), for a 17% year-over-year rise.
On average, analysts had anticipated $423 million in top line, and EPS of $0.14 for the quarter.
The company also provided guidance for its current Q3. It expects revenue to be $405 million-$425 million. It did not indicate what it expected in terms of profit.
JDS Uniphase's shares dropped by 5% after the results were released, but were recovering in after-hours trading.
The article JDS Uniphase Q2 Net Beats Expectations originally appeared on Fool.com.
Fool contributor Eric Volkman has no position in JDS Uniphase. The Motley Fool has no position in JDS Uniphase. Try any of our Foolish newsletter services free for 30 days. We Fools may not 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.