Finisar (FNSR) Tops Q2 EPS by 2c, Guides Q3 EPS Below Consensus at Mid-Point
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Finisar Announces Second Fiscal Quarter 2016 Financial Results
December 10, 2015 4:00 PM ESTSUNNYVALE, CA -- (Marketwired) -- 12/10/15 --
Finisar Corporation (NASDAQ: FNSR), a global technology leader for subsystems and components for fiber optic communications, today announced financial results for its second quarter of fiscal 2016, ended November 1, 2015.
COMMENTARY
"Revenues for our second fiscal quarter were $321.1 million compared to $314.0 million in the prior quarter; an increase of approximately 2.3%. This increase was primarily driven by growth in 100 gigabit Ethernet transceivers and 10 gigabit tunable transceivers and wavelength selective switches for telecom WDM applications," said Jerry Rawls, Finisar's Chief Executive Officer.
FINANCIAL HIGHLIGHTS - Second Quarter Ended November 1, 2015 Summary GAAP Results Second First Quarter Quarter... More