Finisar: Fiscal 2Q Earnings Snapshot
SUNNYVALE, Calif. (AP) _ Finisar Corp. (FNSR) on Monday reported a fiscal second-quarter loss of $5.3 million, after reporting a profit in the same period a year earlier.
On a per-share basis, the Sunnyvale, California-based company said it had a loss of 4 cents. Earnings, adjusted for one-time gains and costs, were 26 cents per share.
The results beat Wall Street expectations. The average estimate of eight analysts surveyed by Zacks Investment Research was for earnings of 21 cents per share.
The fiber optic component supplier posted revenue of $325.4 million in the period, missing Street forecasts. Seven analysts surveyed by Zacks expected $327.8 million.
Finisar shares have climbed 15 percent since the beginning of the year. The stock has climbed 21 percent in the last 12 months.