Finisar (FNSR) Tops Q2 EPS by 4c, Revenues Miss

Finisar (NASDAQ: FNSR) reported Q2 EPS of $0.26, $0.04 better than the analyst estimate of $0.22. Revenue for the quarter came in at $325.42 million versus the consensus estimate of $326.59 million.

“I am pleased to report that revenues grew over the prior quarter and gross margins also improved over the prior quarter and were above our guidance estimate, primarily due to favorable product mix and continued focus on reducing manufacturing overhead,” said Michael Hurlston, Finisar’s Chief Executive Officer. “In addition, we were able to accelerate the process of improving efficiencies and reducing relative operating expense levels faster than expected. In combination, this led to increased earnings per share, exceeding the high end of our guidance range.”

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

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