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JDSU Q3 2014 net revenue show USD0.01 loss per share.

M2 EQUITYBITES-May 1, 2014-JDSU Q3 2014 net revenue show USD0.01 loss per share

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JDSU (NASDAQ: JDSU) said its third quarter 2014 GAAP net revenue was USD418.0m, with net loss of USD(1.5)m, or USD(0.01) per share.

Prior quarter net revenue was USD447.6m, with net income of USD8.8m, or USD0.04 per share. Net revenue for fiscal 2013 third quarter was USD405.3m, with net loss of USD(28.0)m, or USD(0.12) per share.

Non-GAAP net revenue was USD418.0m, with net income of USD23.4m, or USD0.10 per share. Prior quarter non-GAAP net revenue was USD447.6m, with net income of USD45.3m, or USD0.19 per share. Non-GAAP net revenue for fiscal 2013 third quarter was USD405.3m, with net income of USD24.1m, or USD0.10 per share.

"Our fiscal third quarter revenue was impacted by later-than-expected carrier orders, but we are encouraged by a strong bookings performance and believe positive industry trends will drive improved top-line growth in our fiscal fourth quarter," said Tom Waechter, JDSU's president and chief executive officer. "Despite lower-than-expected revenue in the third quarter, we grew three percent year-on-year, and stayed within our operating margin guidance range through continued strength in gross margins and effective cost management."

JDSU (NASDAQ: JDSU) innovates and collaborates with customers to build and operate the highest-performing and highest-value networks in the world. Its website is at www.jdsu.com

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Publication:M2 EquityBites (EQB)
Article Type:Financial report
Date:May 1, 2014
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