JDS Uniphase (JDSU) shares dipped Thursday on earnings report delay.
The San Jose networking-parts maker says its fiscal year-end audit is not complete due to the "quantity, complexity and accounting of one-time transactions." But according to preliminary tallies, JDS says sales in the fourth quarter, which ended in June, were $170 million.
JDS has been struggling to make a turnaround ever since the collapse of the Internet building boom. The company has been selling and closing of some of its businesses like cable TV components and bulk optical supplies. Those moves contributed to the late book closing for the year, says JDS in a press release Thursday.
Despite the stronger-than-expected projected $170 million revenue for the fiscal fourth quarter, JDS shares fell 7 cents, or 4%, to $1.51 in premarket trading Thursday.
Analysts were looking for $166 million in sales in the recent quarter, according to Reuters Research.
The company has not scheduled a new earnings release date.