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Finisar (FNSR Quote) says fiscal fourth quarter sales will be below Wall Street's target.

The optical networking parts maker says revenue fell 5% from year-ago levels to $97.3 million for the quarter ended on April 30. The company declined to provide any earnings details for the quarter due to a stock option accounting probe.

For the full fiscal year, sales were $419.2 million, a 15% increase over $364 million in the same quarter a year ago.

Analysts had been looking for fiscal fourth quarter sales of $99 million and full year revenue of $422 million, according to Reuters Research. ...