Oclaro (OCLR) Tops Q1 EPS by 2c; Guides Q3 Revs Below

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Oclaro Announces First Quarter Fiscal Year 2018 Financial Results

November 1, 2017 4:05 PM EDT

SAN JOSE, Calif., Nov. 1, 2017 /PRNewswire/ -- Oclaro, Inc. (Nasdaq: OCLR), a leading provider and innovator of optical communications solutions, today announced its financial results for the first quarter of fiscal year 2018, which ended September 30, 2017.

"The Oclaro team once again produced strong quarterly results, fueled by our CFP2-ACO and QSFP product lines.  We generated sequential revenue growth and strong profitability," said Greg Dougherty, Chief Executive Officer, Oclaro. "Our near-term visibility includes continued softness in China, compounded by a recent slowdown in data center sales.  Despite our reduced outlook, we... More