Oclaro Inc. Q4 adjusted earnings Inline With Estimates

(RTTNews) - Oclaro Inc. (OCLR) announced earnings for fourth quarter that dropped from last year.

The company's bottom line totaled $6.42 million, or $0.04 per share. This compares with $56.03 million, or $0.33 per share, in last year's fourth quarter.

Excluding items, Oclaro Inc. reported adjusted earnings of $14.55 million or $0.08 per share for the period.

Analysts had expected the company to earn $0.08 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter fell 19.0% to $120.94 million from $149.38 million last year.

Oclaro Inc. earnings at a glance:

-Earnings (Q4): $14.55 Mln. vs. $33.93 Mln. last year. -EPS (Q4): $0.08 vs. $0.20 last year. -Analysts Estimate: $0.08 -Revenue (Q4): $120.94 Mln vs. $149.38 Mln last year.