The earnings aren't what is going to save the day but the forward guidance they give at the conference call is what is going to make a difference. If the guidance is similar to NT or anything less than full speed ahead the downward spiral resumes, imo.
Upgrades hitting all the news wires as well as taking spotlight on CNBC. Strauss to be highlighted at 6:00 EDT
(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) |
