Finisar Posts Loss, Yet Tops View, Guides Q4; Stock Up 4% - Quick Facts

(RTTNews.com) - Finisar Corp. ( FNSR ) Thursday reported third-quarter net loss of $3.4 million or $0.04 per share, compared with $8.9 million or $0.09 per share last year.

Excluding items, adjusted earnings for the quarter were $16.9 million or $0.17 per share, compared with $22.4 million or $0.23 per share a year ago.

Revenues for the quarter were $238 million, compared with $243 million a year ago.

Analysts polled by Thomson Reuters estimated earnings of $0.16 per share on revenues of $238.36 million for the quarter. Analysts' estimates typically exclude special items.

Looking ahead to the fourth quarter, the company expects adjusted earnings of $0.15 to $0.19 per share on revenues of $235 million to $250 million. Analysts currently expect earnings of $0.17 per share on revenues of $241 million.

Finisar engages makes optical subsystems and components for use in fiber optics-based data communication and telecommunication networks applications.

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