Finisar (FNSR) Misses Q2 EPS by 7c, Slight Beat on Revenues; Offers 3Q EPS/Revenue Guidance Below Consensus
Finisar (NASDAQ: FNSR) reported Q2 EPS of $0.23, $0.07 worse than the analyst estimate of $0.30. Revenue for the quarter came in at $332.21 million versus the consensus estimate of $330.88 million.
Finisar indicated that for the third quarter of fiscal 2018 it currently expects revenues in the range of $325 to $345 million, non-GAAP gross margin of approximately 30%-31%, non-GAAP operating margin of approximately 7.5% -8.5%, and non-GAAP earnings per fully diluted share in the range of approximately $0.21 to $0.27.
Finisar sees Q3 2018 EPS of $0.21-$0.27, versus the consensus of $0.33. Finisar sees Q3 2018 revenue of $325-345 million, versus the consensus of $344.9 million.
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