Shares of Finisar(FNSR Quote) were among technology's winners Friday, soaring 39% after the network-equipment maker posted better-than-expected third-quarter results.
The company earned $8.3 million, or 3 cents a share, on revenue of $93.5 million. Excluding items, the company earned $7.7 million, or 3 cents a share. Analysts polled by Thomson First Call expected break-even earnings on revenue of $90.2 million. A year earlier, the company had a loss of $33 million, or 15 cents a share, on revenue of $73.1 million. Excluding items, the fiber-optics company recorded a loss of $7.9 million, or 4 cents a share, during the year-earlier quarter.
"While our march to profitability has been a long and arduous path, we have remained steadfast in our commitment to delivering value to customers through focused R&D, in-house manufacturing and vertical integration," Finisar said. Shares were trading up $1.14 to $4.05. ...
Recent Comments
| Dow Jones | S&P 500 | NASDAQ | 10-Year Note | |
|---|---|---|---|---|
| 10,328.89 | 1,102.47 | 2,211.69 | 35.46 |
Oil *
73.88
|
|
UP
20.63
|
UP
6.40
|
UP
31.64
|
UP
0.59
|
10 Yr
3.55%
SPDR Gold
108.95
|
|
+0.20%
|
+0.58%
|
+1.45%
|
+1.69%
|
Data delayed 20 minutes |
Connect with TheStreet