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Technology Stocks : JDS Uniphase (JDSU) -- Ignore unavailable to you. Want to Upgrade?


To: Kayaker who wrote (13397)10/26/2000 4:21:45 PM
From: pat mudge  Read Replies (1) | Respond to of 24042
 
Sales for the quarter were 23% above pro forma combined sales of $641 million for the quarter ended June 30, 2000 and 171% above pro forma combined sales of $290 million for the quarter ended September 30, 1999.

First hurdle crossed. Now, to hear guidance. . .

Pat



To: Kayaker who wrote (13397)10/26/2000 4:28:13 PM
From: Kayaker  Read Replies (1) | Respond to of 24042
 
<font color=green>JDS Uniphase results top forecasts by 2 cents
(UPDATE: In U.S. dollars unless noted.)

OTTAWA, Oct 26 (Reuters) - JDS Uniphase Corp. (Toronto:JDU.TO - news) (NasdaqNM:JDSU - news), the world's No. 1 supplier of fiber-optic components, said on Thursday its first-quarter net earnings beat analyst expectations by 2 cents.

In closely watched financial results that followed a meltdown in the fiber-optic sector, sparked by demand worries, JDS reported pro forma net income of $177 million, 18 cents a share, on revenues of $786 million. In the year-earlier quarter it posted pro forma net earnings of $65 million, 8 cents a share, on revenues of $290 million.

On average, 27 analysts polled by First Call/Thomson Financial expected net earnings of 16 cents per share, representing estimates 15 cents to 16 cents. The research firm said four analysts expected revenues of $755 million, based on estimates ranging from $747 million to $760 million.

Including merger and other one-time charges, JDS Uniphase reported a loss of $1 billion, or $1.07 per share.

JDS shares were up C$4.95 at C$116.50 late Thursday afternoon on the Toronto Stock Exchange.

biz.yahoo.com