UPDATE: MKM Partners Downgrades Finisar (FNSR) to Neutral on Datacom Competitive Concerns
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Finisar Announces First Fiscal Quarter 2016 Financial Results
September 10, 2015 4:01 PM EDTSUNNYVALE, 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
