Telecom
JDSU (JDSU) dazzled like a laser beam with strong second quarter numbers.
The optical networking parts maker posted an adjusted profit of $50.2 million or 22 cents a share in the fiscal second quarter ended Dec. 29. That is better than the $18 million or 8 cents of pro forma earnings in the prior period. Sales for the quarter were $399.2 million, up 12% over the previous quarter and 9% above the year-ago level. Analysts were looking for an adjusted profit of 12 cents on $386 million in sales. "We saw across-the-board metric improvement as we achieved our near-term operating model goals," CEO Kevin Kennedy said in a press release. "Looking forward, JDSU remains focused on innovation and continuous improvement of our business model," Kennedy continued. The Milpitas, Calif. laser maker says it expects sales to dip sequentially to about $391 million in the fiscal third quarter ending next month. That guidance is roughly in line with the $390 million analysts were expecting. JDSU shares surged $1.42, or 14%, to $11.58 in after-hours trading Tuesday.TheStreet Premium Services
Jim Cramer's Action Alerts PLUS:
Trade right alongside a Wall Street pro — enjoy access to his Charitable Trust portfolio and be sent trade alerts BEFORE he makes a move. Learn More
OptionsProfits:
Get 50+ trade ideas a week from the industry's top options experts. Plus — exclusive commentary on market trends and essential trading tools. Learn More
Real Money:
Our team of professional Wall Street Pros — including Jim Cramer, Doug Kass, and Nicholas Vardy — delivers intelligent analysis, timely trade ideas, and colorful commentary. Learn More
Stocks Under $10:
Break into the market with small- and mid-cap stocks... all $10 or less! David Peltier tells you exactly which low-priced stocks he's buying and selling. Learn MoreTo begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
blog comments powered by Disqus
| Dow Jones | S&P 500 | NASDAQ | 10-Year Note |
|
|---|---|---|---|---|
| 12,393.45 | 1,310.33 | 2,827.34 | 15.81 |
Oil *
101.78
|
|
DOWN
26.41 |
DOWN
2.99 |
DOWN
10.02 |
DOWN
0.44 |
10 Yr
1.58%
SPDR Gold
151.62
|
|
-0.21%
|
-0.23%
|
-0.35%
|
-2.71%
|
Data delayed 20 minutes |
Connect with TheStreet