Oclaro (OCLR) Tops Q1 EPS by 2c

Oclaro (NASDAQ: OCLR) reported Q1 EPS of ($0.03), $0.02 better than the analyst estimate of ($0.05). Revenue for the quarter came in at $87.5 million versus the consensus estimate of $86 million.

Oclaro sees Q2 2015 revenue of $88-94 million, versus the consensus of $90.6 million.

"I am very pleased with our first quarter results and would like to recognize and thank the entire Oclaro team for their accomplishments," said Greg Dougherty, Oclaro's Chief Executive Officer. "In addition to reaching our first milestone of generating positive Adjusted EBITDA, we also achieved non-GAAP operating income. These accomplishments resulted primarily from planned cost reductions, operational improvements, and strong growth across our 100G product portfolio over the past two years. We now believe that the foundation is in place to further grow our 100G product revenues and enable continued financial improvement."

For earnings history and earnings-related data on Oclaro (OCLR) click here.

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