JDS Uniphase Q2 Profit Surges - Quick Facts

(RTTNews) - JDS Uniphase Corp. (JDSU) Thursday reported second-quarter profit of $8.8 million, up from $0.3 million in the same period last year. On a per-share basis, earnings were $0.04, compared to breakeven earnings last year.

Adjusted earnings for the quarter were $45.3 million or $0.19 per share. On average, 16 analysts polled by Thomson Reuters expected the company to earn $0.14 per share for the quarter. Analysts' estimates typically exclude special items.

Revenues increased to $447.6 million from $429.0 million last year. Analysts expected revenues of $433.70 million.

Looking ahead to the third-quarter, the company has forecast adjusted revenues in the order of $420 million to $440 million. Analysts currently expect third-quarter revenues of $425.92 million.