Finisar FY Q3 Revs, EPS Edge Estimates; But Shares Slip
By Eric Savitz
Wednesday, March 3, 2010 ET.
Finisar (FNSR) posted revenue for its fiscal third quarter ended January 31 of $166.9 million, up from $126.1 million a year ago and $145.7 million in FY Q2, and ahead of the Street at $164.8 million. The results were consistent with the updated guidance the company provided last month for revenue of $166 million to $167 million. Non-GAAP EPS of 17 cents a share was a penny ahead of the Street.
For FY Q4, the optical networking components company sees revenue of $175 million to $185 million, ahead of the Street at $167.2 million. The company sees gross margin flat with Q3, with non-GAAP operating margin of 8.5% to 10%, versus 8.5% in FY Q3.
FNSR in late trading is off 43 cents, or 3.3%, to $12.50. |
