Finisar (FNSR) Reports In-Line Q4 EPS, Q1 EPS Falls Short of Views
Finisar (NASDAQ: FNSR) reported Q4 EPS of $0.50, in-line with the analyst estimate of $0.50. Revenue for the quarter came in at $357.5 million versus the consensus estimate of $359.19 million.
“Revenues for fiscal 2017, were $1.449 billion, an all-time record for Finisar and an increase of $186.1 million, or 14.7%, over fiscal 2016. Despite continued robust demand in our fourth fiscal quarter for our 100G QSFP28 transceivers for datacenter applications, which grew over 30% over the third quarter, our overall revenues were $357.5 million, a decrease of $23.1 million, or 6.1%, compared to the third quarter. This decline was primarily the result of a decline in telecom revenues due to lower revenues from our Chinese OEM customers and the impact of the full three months of the annual telecom price erosion,” said Jerry Rawls, Finisar’s Chief Executive Officer.
Finisar indicated that for the first quarter of fiscal 2018 it currently expects revenues in the range of $330 to $350 million, non-GAAP gross margin of approximately 35%, non-GAAP operating margin of approximately 14%, and non-GAAP earnings per fully diluted share in the range of approximately $0.37 to $0.43.
(Consensus sees Q1 EPS of $0.51.)
For earnings history and earnings-related data on Finisar (FNSR) click here.