Finisar (FNSR) Misses Q1 EPS by 3c; Q2 Guidance Falls Short; CEO Gertel Resigns
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Go back to Finisar (FNSR) Misses Q1 EPS by 3c; Q2 Guidance Falls Short; CEO Gertel Resigns
September 10, 2015 4:01 PM EDT
SUNNYVALE, CA -- (Marketwired) -- 09/10/15 --
Finisar Corporation (NASDAQ: FNSR), a global technology leader for subsystems and components for fiber optic communications, today announced financial results for its first quarter of fiscal 2016, ended August 2, 2015.
COMMENTARY
"Revenues for our first fiscal quarter were $314.0 million compared to $320.0 million in the prior quarter; however, the prior quarter had the benefit of an additional week. Taking that into consideration, the first fiscal quarter had a higher average weekly revenue relative to the prior quarter," said Jerry Rawls, Finisar's... More
September 10, 2015 4:00 PM EDT
SUNNYVALE, CA -- (Marketwired) -- 09/10/15 --
Finisar Corporation (NASDAQ: FNSR), a global technology leader for subsystems and components for fiber optic communications, today announced that its Board of Directors had accepted the resignation of Chief Executive Officer and director Eitan Gertel. Jerry Rawls, the Company's Executive Chairman, will continue to serve as principal executive and will... More
