JDS Uniphase Nudges Up Guidance

It sees revenue above the midpoint of $160 million to $170 million.
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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.