JDS Uniphase (JDSU) Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : JDS Uniphase (JDSU)

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Kayaker who wrote (13422)	10/26/2000 4:54:13 PM
From: Kayaker	Read Replies (1) of 24042

<font color=green>Shaking Off Lucent Woes, JDS Beats Targets By Scott Moritz Senior Writer 10/26/00 4:38 PM ET Updated from 4:17 p.m. EDT: Optical component maker JDS Uniphase (JDSU:Nasdaq - news) Thursday beat Wall Street's earnings and revenue expectations, temporarily quieting fears of a widespread slowdown among makers of Internet gear. JDS reported pro forma first-quarter earnings of 18 cents a share. That beat the First Call/Thomson Financial consensus by 2 cents and more than doubled the year-ago 8-cent profit. First-quarter revenue jumped 23% from fourth-quarter levels and 171% from a year ago, hitting $786.5 million for the period. One analyst said he expected revenue to rise only to $763 million. The strong results suggest JDS shook off latest-period troubles at big equipment maker Lucent (LU:NYSE - news), whose most recent earnings shortfall this week cost the job of CEO Rich McGinn. Lucent accounted for 22% of JDS' business in recent quarters. JDS' results will be closely watched by investors, who fled the once-hot optical sector Wednesday after equipment bellwether Nortel (NT:NYSE - news) failed to hit Wall Street's ambitious revenue targets.... thestreet.com

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next