NEW YORK (TheStreet) -- Oclaro (OCLR - Get Report) was falling -39.1% to $1.62 Wednesday after missing analysts' expectations in the fiscal third quarter, and guiding below estimates for the fourth quarter.
For the third quarter Oclaro reported a loss of -17 cents a share, missing the Capital IQ Consensus Estimate of a loss of -16 cents a share by 1 cent. Revenue fell -6.1% to $95.39 million in the quarter. Analysts expected revenue of $98.79 million for the quarter.
Looking forward to the fiscal fourth quarter Oclaro expects revenue of $90 million to $100 million. Analysts expected revenue of $103.8 million for the quarter.
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