JDS Uniphase (JDSU) Misses Q2 EPS by 1c; Guides Q3 Below the Street

JDS Uniphase (NASDAQ: JDSU) reported Q2 EPS of $0.15, $0.01 worse than the analyst estimate of $0.16. Revenue for the quarter came in at $437.1 million versus the consensus estimate of $445.02 million.

JDS Uniphase sees Q3 2015 EPS of $0.07-$0.11, versus the consensus of $0.14. JDS Uniphase sees Q3 2015 revenue of $408-428 million, versus the consensus of $431.25 million.

"We continue to experience the benefits of diversification and product differentiation, which drove strength in both gross margin and operating margin at the higher end of the guidance range even as U.S. carrier spend impacted revenue in the second quarter," said Tom Waechter, JDSU's president and chief executive officer. "We are pleased with our progress toward the planned separation of SpinCo (CCOP) and NewCo (NE/SE/OSP) and currently expect to complete the transaction by the calendar third quarter of this year."

For earnings history and earnings-related data on JDS Uniphase (JDSU) click here.

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