UPDATE: Finisar Corp (FNSR) Tops Q3 EPS by 1c; Guides Q4 Sales Below Views

February 29, 2012 4:00 PM
(Updated - February 29, 2012 4:19 PM EST)

Finisar Corp (NASDAQ: FNSR) reported Q3 EPS of $0.23, $0.01 better than the analyst estimate of $0.22. Revenue for the quarter came in at $243 million versus the consensus estimate of $244.18 million. However, Q4 guidance was below Wall Street views.

Revenues rose 0.6% sequentially. Compared to the preceding quarter, the sale of products for datacom applications increased by $5.1 million, or 4.0%, and the sale of products for telecom applications decreased by $3.7 million, or (3.3)%.

Gross margin was 29.3% in the third quarter versus 29.1% last quarter.

The company sees Q4 2012 revenue of $235-$250 million, versus the consensus of $253.5 million. They see non-GAAP earnings per diluted share in the range of approximately $0.18 to $0.22, versus the consensus of $0.25. They see GAAP operating margin in the range of approximately 3.0% to 4.5%; non-GAAP operating margin to be in the range of 8.0% to 9.5%.

For earnings history and earnings-related data on Finisar Corp (FNSR) click here.

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