JDS Uniphase Shares Jump After 4Q Results

NEW YORK (AP) — Shares of JDS Uniphase Corp. climbed Thursday after the communications equipment maker posted a smaller-than-expected loss for its fiscal fourth quarter.

The company posted a wider loss than the year-ago period, and its revenue fell slightly below expectations. But it said it has "successfully navigated through the global economic turbulence that took place in fiscal 2009" and it's in a good position to grow when the economy rebounds.

RBC Capital Markets analyst Mark Sue said JDS Uniphase is "is the latest company to point to stabilizing trends, as evidenced by its improved order rates."

Improving trends in North America, offset by challenges in Europe led to the company's revenue guidance $283 million to $300 million for the current quarter, Sue added. This compares with analysts expectations of $287.7 million, according to a Thomson Reuters poll.

"Notably, through the first seven weeks of (the fiscal first quarter), JDSU saw a sequential increase in demand across all businesses," the analyst wrote. Sue rates the company "sector perform."

Shares of the Milpitas, Calif.-based company rose 45 cents, or 8 percent, to $6.24 in late trading. The stock has traded in the 52-week range of $2.01 and $11.98.