JDSU Shrs Rise As FY Q1 Results Top Estimates

JDSU (JDSU) this afternoon reported revenue for its fiscal first quarter ended October 3 of $298.6 million, down from $377.3 million a year ago, but ahead of the $274 million posted in FY Q4, and the Street consensus of $291.8 million. The company, which sells optical networking products and test and measurement equipment, posted non-GAAP profits of 4 cents a share, beating the Street at 2 cents.

For the fiscal second quarter, the company sees revenue of $320 million to $345 million, ahead of the Street at $306.1 million.

In late trading, JDSU is up 33 cents, or 5.4%, to $6.40.