Oclaro (OCLR) Offers Prelim. Q2 Results

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Oclaro Announces Preliminary Second Quarter Fiscal 2017 Financial Results

January 18, 2017 4:15 PM EST

SAN JOSE, Calif., Jan. 18, 2017 /PRNewswire/ -- Oclaro, Inc. (Nasdaq: OCLR), a leading provider and innovator of optical communications solutions, today announced selected preliminary unaudited financial results for the second quarter of fiscal 2017, ended December 31, 2016.

Preliminary Unaudited Second Quarter Fiscal 2017 Financial Results

Revenue in the range of $153.5 million to $154.0 million, at the high end of the prior guidance of $146 million to $154 million provided on November 1, 2016. GAAP gross margin of approximately 39.5% and non-GAAP gross margin of approximately 40%, above the prior non-GAAP guidance of 33% to 36%.  Non-GAAP gross margin excludes the effect... More