Finisar (FNSR) Misses Q4 EPS by 7c, Offers Q1 Guidance

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Go back to Finisar (FNSR) Misses Q4 EPS by 7c, Offers Q1 Guidance

Finisar Announces Fiscal 2018 Financial Results

June 14, 2018 4:01 PM EDT

SUNNYVALE, Calif., June 14, 2018 (GLOBE NEWSWIRE) -- Finisar Corporation (NASDAQ: FNSR), a global technology leader for subsystems and components for fiber optic communications, today announced financial results for its fourth fiscal quarter and full fiscal year, ended April 29, 2018. 

COMMENTARY

While fiscal fourth quarter revenues were in line with the mid-point of our guidance range, gross margin was lower than expected driven by under absorption of fixed manufacturing expenses in our Allen Texas VCSEL laser fab and an increase in non-cash inventory reserves, said Michael Hurlston, Finisars Chief Executive... More