Courtesy of Benzinga.
Shares of Finisar (NASDAQ: FNSR) are trading lower in the after-hours following the release of the company’s Q2 earnings results. Currently, shares are lower by 3.25%, trading at $17.84; they ended the regular session higher by 7.77%, at $18.44.
Finisar reported Q2 EPS of $0.23 on revenues of $241.5 million; revenues increased 0.2% year over year.
“We continued to execute well on our product development plan and have delivered to customers a number of innovative products in the WSS and pluggable product lines during the second quarter,” said Eitan Gertel, Finisar’s Chief Executive Officer.
“Production of our tunable XFP transceiver products began to ramp during the second quarter of fiscal 2012. Tunable XFPs were qualified at several additional customers during the second quarter and we expect more qualifications in the third quarter. In addition, we have qualified our next generation edge or access WSS modules with multiple customers and expect revenue from these products to continue to ramp in the first half of calendar 2012.”
The company sees Q3 EPS in the range of $0.20-0.24 on revenues of $235-250 million; the Street was at $0.26 per share on revenues of $250.02 million. Finisar Corporation is a provider of optical subsystems and components that interconnect equipment in short-distance local area networks, storage area networks, longer distance metropolitan area networks, fiber-to-the-home networks, cable television networks and wide area networks.
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