Oclaro (OCLR) Tops Q2 EPS by 4c

Oclaro (NASDAQ: OCLR) reported Q2 EPS of $0.03, ex-items, $0.04 better than the analyst estimate of ($0.01). Revenue for the quarter came in at $94.1 million versus the consensus estimate of $91.49 million.

GUIDANCE:

Oclaro sees Q3 2016 revenue of $97-103 million, versus the consensus of $90.1 million.

"With a second consecutive quarter of 20 percent sales growth in our 100G portfolio we again delivered stronger financial performance. The quarterly revenue growth drove higher gross margin and net income," said Greg Dougherty, Chief Executive Officer, Oclaro. "We continue to see robust demand for our 100G product portfolio combined with favorable market conditions. As we expand capacity in Asia, both for our current and new 100G products, we expect revenue growth in 2016 to continue."

For earnings history and earnings-related data on Oclaro (OCLR) click here.

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