Finisar - FNSR Message Board

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Technology Stocks : Finisar - FNSR

FNSR 23.77

0.0%

Sep 24 5:00 PM EST

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To: Sr K who wrote (433)	9/4/2014 4:31:50 PM
From: Kirk ©	of 509

Finisar Halted: FYQ1 Rev Beats, Q2 Rev View Misses September 4, 2014, 4:05 P.M. ET By Tiernan Ray Fiber optics component maker Finisar (FNSR) this afternoon reported fiscal Q1 revenue slightly better than expected, and earnings per share that were in line with estimates, but forecast this quarter’s revenue below consensus. Revenue in the three months ended in July rose to $327.6 million, yielding EPS of 32. Analysts had been modeling $326 million and 32 cents. For the current quarter, the company sees revenue in a range of $305 million to $320 million. That is below the average estimate of $335 million. EPS is seen in a range of 23 cents to 27 cents, excluding some costs, below the average 35-cent estimate. Finisar shares have been halted until 4:30 pm, Eastern. The stock was up 1% at $18.55 just before the halt. blogs.barrons.com

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