- 3 weeks later
Fiber-optic networking component vendor Oclaro (OCLR) this afternoon reported fiscal Q4 revenue and profit that topped analysts’ expectations, and beat comfortably with its Q1 revenue outlook, sending its shares sharply higher in late trading.
Revenue in the three months ended in June rose 24%, year over year, to $125.2 million, yielding EPS of 9 cents.
Analysts had been modeling $119.6 million in revenue and 6 cents EPS.
Gross profit margin, on a non-GAAP basis, was 32.4% in the quarter.
CEO Greg Dougherty remarked that it was an “all-time Oclaro record for gross margin and operating income,” calling the results “excellent.”
Dougherty credited the “strength of our 100G product line revenues,” and a “significant contribution from our CFP2-ACO product line.”
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