Finisar (FNSR) Reports In-Line Q1 EPS, Q2 Guidance Falls Short

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Go back to Finisar (FNSR) Reports In-Line Q1 EPS, Q2 Guidance Falls Short

Finisar Announces First Quarter Fiscal 2018 Financial Results

September 7, 2017 4:01 PM EDT

SUNNYVALE, Calif., Sept. 07, 2017 (GLOBE NEWSWIRE) -- Finisar Corporation (NASDAQ: FNSR), a global technology leader for subsystems and components for fiber optic communications, today announced financial results for its first fiscal quarter, ended July 30, 2017. 

COMMENTARY

We experienced strong demand in our first fiscal quarter for our 100G QSFP28 transceivers for datacenter applications, said Jerry Rawls, Finisars Chief Executive Officer.  However, our overall revenues for our first fiscal quarter were $341.8 million, a decrease of $15.7 million, or 4.4%, compared to the fourth quarter of fiscal 2017. This decrease resulted... More