Updated from 5:33 p.m. ET to include latest share prices and information on Sotheby's Holdings.
NEW YORK ( TheStreet) -- Shares of Finisar (FNSR - Get Report) fell in late trades after the optical networking company fell short on the top line in its latest quarter and gave a below-consensus outlook.
Sunnyvale, Calif.-based Finisar reported non-GAAP earnings of $21.9 million, or 23 cents a share, in the three months ended Jan. 29, up slightly from an equivalent profit of $21.5 million, or 23 cents a share, in the second quarter ended in October. Revenue totaled $243 million in the latest quarter, up 0.6% from $241.5 million in the second quarter.
The average estimate of analysts polled by
Thomson Reuters was for earnings of 22 cents a share in the third quarter on revenue of $245 million.
PetsmartShares of PetSmart (PETM - Get Report) were weak after the bell as well despite a penny beat by the Phoenix-based pet products retailer in its latest quarter. Amid a 5.5% increase in same-store sales, PetSmart reported fiscal fourth-quarter earnings of $102 million, or 91 cents a share, on sales of $1.64 billion, besting Wall Street's consensus view for a profit of 90 cents a share in the January-ended period on sales of $1.62 billion.
Check Out Our Best Services for Investors
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Model portfolio
- Stocks trading below $10
- Intraday trade alerts