JDS Uniphase Rises 13% on Beating Street - TheStreet

No. 1 fiber-optic components supplier

JDS Uniphase

(JDSU)

was 12.9% preopen

Island

trading.

After Thursday's close, the company reported first-quarter earnings of 18 cents per share, ahead of the Street's estimate of 16 cents and the year-ago 8 cents.

The company also raised second-quarter earnings estimates.

First Union Securities

raised its 2001 earnings estimate to 80 cents per share from 67.