Monday, October 31, 2011

JDSU Reports Sales of $420.8 million, Impact from Thai Flood

JDSU reported quarterly sales of $420.8 million and net loss was $(5.8) million, or $(0.03) per share. This compares to net revenue of $471.8 million and net income of $9.3 million, or $0.04 per share for the prior quarter, and net revenue of $405.2 million and net income of $0.1 million, or breakeven earnings per share for the same period last year.


Communications Test and Measurement revenue of $185.2 million decreased by 12.4% compared to the prior quarter and increased 1.3% compared to the same period last year. Revenue from this segment represented 44.0% of total net revenue.


Communications and Commercial Optical Products revenue of $180.3 million decreased 10.9% compared to the prior quarter and increased 7.3% compared to the same period last year. Revenue from this segment represented 42.8% of total net revenue. �


Advanced Optical Technologies revenue of $55.6 million decreased 5.3% compared to the prior quarter and decreased 8.1% compared to the same period last year. Revenue from this segment represented 13.2% of total net revenue.


For the current quarter ending December 31, 2011, the company expects non-GAAP net revenue to be in the range of $375 to $405 million, lowered by $35-$45 million due to the flooding in Thailand.


“I am very pleased with our operating results during this period of macroeconomic uncertainty,�? said Tom Waechter, JDSU's President and Chief Executive Officer. “Although revenue levels are being restricted by these global headwinds, the mix of our highly innovative and differentiated products continues to grow with a favorable impact on gross margin. This combined with strong cost controls allowed us to significantly exceed expectations for operating margins. I am also happy to announce that all JDSU, Thailand employees are safe from the flooding in southern Thailand and we have added additional employees there to help meet our customer's needs as best as possible under these difficult conditions.�?http://www.jdsu.com

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