Oclaro (NASDAQ: OCLR) reported Q4 EPS of $0.20, $0.03 better than the analyst estimate of $0.17. Revenue for the quarter came in at $149.4 million versus the consensus estimate of $148.04 million.

"It gives me great pleasure to report that we achieved record financial performance in our fiscal year 2017. I am incredibly proud of what the Oclaro team accomplished during the past year. We posted year-over-year revenue growth of 47 percent, while also delivering significantly higher profits. Our excellent results were driven by the strength of our 100G and beyond product portfolio whose revenuedoubled over fiscal year 2016. The most significant growth came from our industry leading CFP2-ACO and QSFP28 product family," said Greg Dougherty, Chief Executive Officer, Oclaro.

"Our fourth quarter revenue, which reflected the anticipated impact of softness in China, was in line with our expectations. While revenue declined, we once again delivered very strong gross margin and operating profits. As we enter fiscal year 2018, we expect to see continued high demand for our 100G and beyond products in the Data Center and Metro Markets. We also expect to be able to maintain our strong margin performance in fiscal 2018," said Mr. Dougherty.

GUIDANCE:

Oclaro sees Q1 2018 revenue of $151-159 million, versus the consensus of $154.1 million.

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