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(FNSR) - Get Finisar Corporation Report

was down 27.3% in preopen


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trading. After Tuesday's close, the fiber-optic company met the Street's third-quarter estimate of 5 cents per share -- up from 1 cent a year earlier -- and announced that it would acquire

Marlow Industries

for $300 million in cash and stock.

Finisar also lowered guidance for the rest of 2001 and 2002.