(REUTERS) JDS lifts forecast based on sales strength
JDS lifts forecast based on sales strength
(In U.S. dollars unless noted.)
OTTAWA, Oct 26 (Reuters) - JDS Uniphase Corp. <JDU.TO>
<JDSU.O>, the world's No. 1 supplier of fiber-optic components,
on Thursday raised its estimates for its second quarter and
fiscal 2001, based on strong sales across its product line to a
growing number of customers.
The company lifted its second quarter net earnings per
share forecast to 19 or 20 cents from 17 cents a share, it also
said revenue should grow in the high teen percentage range from
the first to the second quarter.
JDS Uniphase, which reported first-quarter results on
Thursday that beat expectations by 2 cents, also said 2001
revenues will be 115 to 120 percent over the $1.77 billion pro
forma revenues of 2000, which includes revenues from its
recently acquired E-Tek Dynamics.
JDS said its margin guidance is unchanged at 50 to 51
percent for gross margin and 28 to 30 percent for operating
margins.
On Thursday, JDS reported first-quarter pro forma net
income of $177 million, or 18 cents a share, on revenues of
$786 million, up from $65 million, or 8 cents a share, on
revenues of $290 million. The results include revenues from
E-Tek Dynamics.
($1=$1.52 Canadian)
((Susan Taylor, Reuters Ottawa Newsroom, 613-235-8385,
e-mail susan.taylor1@reuters.com, fax 613-235-5890))
REUTERS |
