JDS Uniphase Tops Estimates, Guides Inline (JDSU, OPLK, OCLR, FNSR, EXFO)

JDS Uniphase Corp. (NASDAQ: JDSU) reported adjusted fourth fiscal quarter EPS of $0.15 and $439.3 million in revenues before markets opened this morning. In the same period a year ago, the fiber optic equipment maker reported EPS of $0.14 on revenue of $472.3 million. Second-quarter results compare to the Thomson Reuters consensus estimates for EPS of $0.12 and $423 million in revenue.

The company reported a net EPS loss on a GAAP basis of -$0.10, which includes a $23.7 million impairment charge and $10.5 million in insurance proceeds related to the floods last year in Thailand.

For the 2012 fiscal year, JDS Uniphase reported revenue of $1.68 billion and adjusted EPS of $0.59. The consensus estimates had called for revenue of $1.67 billion and EPS of $0.56.

The company’s chairman/CEO said:

JDSU’s execution on its strategic priorities is leading to market share gains and financial leverage despite challenging economic conditions. Our focus on innovation and operational excellence accelerated in fiscal 2012 and we look forward to advancing our target business model in fiscal 2013.

The company guided first fiscal quarter 2013 non-GAAP revenue at $415-$435 million. The consensus estimate had been $427.1 million.

The company’s results are boosting the after-hours share price, and also giving a lift to rivals Oplink Communications Inc. (NASDAQ: OPLK), Oclaro Inc. (NASDAQ: OCLR), Finisar Corp. (NASDAQ: FNSR), and Exfo Inc. (NASDAQ: EXFO).

Shares are up about 4% in after-hours trading at $11.15. The current 52-week range is $8.47-$15.17. Thomson Reuters had a consensus analyst price target of $13.94 before today’s results were announced.

Paul Ausick