Oplink Reports Strong First Quarter Fiscal 2011 Financial Results
Business Outlook for the Quarter Ending December 31, 2010
For the quarter ending December 31, 2010, the Company expects to report revenues between $50 million and $53 million and GAAP net income per diluted share of approximately $0.28 to $0.34. On a non-GAAP basis, excluding stock compensation, amortization of intangible assets and other non-cash or non-recurring charges, if any, the Company expects earnings per diluted share for the quarter ending December 31, 2010 of approximately $0.41 to $0.47.
Conference Call Information
The Company will host a conference call and live webcast at 2:00 p.m. Pacific Time today, October 28, 2010. To access the conference call, dial 877-941-4778 or 480-629-9763 (outside the U.S. and Canada). The webcast will be available live on the Investor Relations section of the Company's corporate website at http://investor.oplink.com and via replay beginning approximately two hours after the completion of the call until the Company's announcement of its financial results for the next quarter. An audio replay of the call will also be available to investors beginning at approximately 5:00 p.m. Pacific Time on October 28, 2010 until 11:59 p.m. Pacific Time on November 4, 2010, by dialing 800-406-7325 or 303-590-3030 (outside the U.S. and Canada) and entering pass code 4378037#.Non-GAAP Financial Measures In this earnings release and during the earnings conference call and webcast as described above, Oplink will discuss certain non-GAAP financial measures. Generally, a non-GAAP financial measure is a numerical measure of a company's performance, financial position, or cash flows that either excludes or includes amounts that are not normally excluded or included in the most directly comparable measure calculated and presented in accordance with GAAP. A reconciliation between non-GAAP and GAAP measures can be found in the accompanying tables. Oplink believes that, while these non-GAAP measures are not a substitute for GAAP results, they provide a basis for evaluating the Company's cash requirements for ongoing operating activities. These non-GAAP measures have been reconciled to the nearest GAAP measure as required under Securities and Exchange Commission rules.
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