Finisar (FNSR) Misses Q1 EPS by 3c; Q2 Guidance Falls Short; CEO Gertel Resigns
Finisar (NASDAQ: FNSR) reported Q1 EPS of $0.23, $0.03 worse than the analyst estimate of $0.26. Revenue for the quarter came in at $314.03 million versus the consensus estimate of $318.71 million.
Finisar sees Q3 2015 EPS of $0.20-$0.26, versus the consensus of $0.28. Finisar sees Q3 2015 revenue of $304-324 million, versus the consensus of $328.01 million.
The company also announced that its Board of Directors had accepted the resignation of Chief Executive Officer and director Eitan Gertel. Jerry Rawls, the Company's Executive Chairman, will continue to serve as principal executive and will also assume the title of Chief Executive Officer.
For earnings history and earnings-related data on Finisar (FNSR) click here.