JDS Uniphase Nudges Up Guidance
It sees revenue above the midpoint of $160 million to $170 million.
JDS Uniphase
(JDSU)
expects earnings in its June quarter to surpass the midpoint of its previous guidance.
The telecom equipment supplier previously offered a range for fourth-quarter revenue of $160 million to $170 million. The Thomson First Call revenue consensus is currently $165.9 million.
JDS didn't offer a bottom-line estimate in its press release, which was issued Wednesday evening. Wall Street currently expects the company to lose 2 cents a share in the quarter.
The shares added 8 cents, or 5%, to $1.71 in early trading Thursday.
