JDS Uniphase Sees Lower Sales Through March

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Fiber-optic designer

JDS Uniphase

(JDSU)

reaffirmed its previously lowered guidance, saying it still expects sales for the second quarter to be 10% to 15% below the $329 million reported for the first quarter.

The company also said it expects sales to continue to decline through March, falling 10% to 15% below the December quarter. According to a press release, the company said it expects March to be the low point in the current downturn.

Shares of JDS Uniphase were recently trading down 5.5% to $9.95 in Instinet premarket trading after closing at $10.53 Friday, down from a 52-week high of $76.63.