Oclaro (NASDAQ: OCLR) reported Q4 EPS of $0.14, $0.08 better than the analyst estimate of $0.06. Revenue for the quarter came in at $125.2 million versus the consensus estimate of $119.66 million.

"The results we achieved in the fourth quarter represent an all-time Oclaro record for gross margin and operating income. Our excellent performance was driven by the strength of our 100G product line revenues, which grew 36 percent sequentially, including a significant contribution from our CFP2-ACO product line," said Greg Dougherty, Chief Executive Officer, Oclaro. "I am very pleased with our performance and annual results for the past year, which reflect the progress that we have made. Our annual revenue grew by 20 percent when compared with fiscal year 2015, and we achieved an annual operating profit. Entering fiscal 2017, we are well positioned for ongoing revenue growth as our product mix continues to shift towards 100G for both our client- and line-side businesses. I am proud of what the Oclaro team has accomplished and look forward to another successful year in fiscal 2017."

GUIDANCE:

Oclaro sees Q1 2017 revenue of $126-134 million, versus the consensus of $117.42 million.

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