JDS Uniphase (JDSU) was down 4.9% in preopen Island trading after it announced fiscal third-quarter numbers two days early and unveiled a restructuring that will cost about 5,000 jobs.
The No. 1 supplier of fiber-optic components posted earnings before charges of 14 cents per share, meeting the Street's estimate and up from 11 cents a year ago.
The company also warned that fourth-quarter earnings would be 5 cents per share, below the Street consensus of 12 cents.
The stock was being hurt by rumors that the company will announce a bid later today for