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Oclaro (OCLR) Tops Q3 EPS by 2c; Guides Q4 Revs Above the Street

May 3, 2016 4:12 PM EDT
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Oclaro (NASDAQ: OCLR) reported Q3 EPS of $0.03, $0.02 better than the analyst estimate of $0.01. Revenue for the quarter came in at $101.1 million versus the consensus estimate of $98.5 million.

"The March quarter represents our third consecutive quarter of approximately 7 percent sequential revenue growth. In addition, in spite of the seasonal price reductions, we delivered strong gross margin and operating income. These results are a testament to our improved execution and the strength of our 100G product lines, which grew by 18% over Q2," said Greg Dougherty, Chief Executive Officer, Oclaro. "During the quarter, we launched production from Asia of our CFP2-ACO product. We expect the ramp of the ACO, and increase in capacity for both our client and line side 100G portfolios, will drive further improvement in our financial results for the June quarter and the rest of this calendar year."

GUIDANCE:

Oclaro sees Q4 2016 revenue of $115-123 million, versus the consensus of $104.85 million.

For earnings history and earnings-related data on Oclaro (OCLR) click here.



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