SAN JOSE, Calif. – JDS Uniphase Corp. (search), a leading maker of fiber-optic gear, posted a wider loss for its latest quarter despite an increase in revenue and provided a forecast below analysts' expectations.
In the fiscal first quarter ended Sept. 30, the San Jose-based company lost $36 million, or 2 cents a share, on revenue of $194.5 million. In the same period last year, it lost $28.1 million, or 2 cents a share, on revenue of $147.4 million.
Analysts were expecting a loss of 1 cent a share on revenue of $191 million, according to Thomson First Call (search).
JDS Uniphase expects to post a second-quarter loss, before items, of 1 cent a share, which would miss a First Call estimate of break-even earnings per share.
Meanwhile, the company expects revenue in the quarter to be down 8 percent to flat sequentially, which suggests revenue of $178.9 million to $194.5 million.
First Call expects second-quarter revenue of $200.4 million.
The company forecast earnings before interest, taxes and depreciation and amortization to be between a loss of $10 million and a loss of $16 million, depending on revenue levels and variations in costs and product mix.
The company reported earnings after the market closed. JDS Uniphase shares closed at $3.51, up 12 cents or 3.5 percent, on the Nasdaq Stock Market (search). In extended trading, the shares were down 28 cents, or 8 percent.
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