JDS Uniphase Corporation (JDSU) stock price rose sharply in the morning trading session after the company release better-than-expected fiscal 2012 fourth quarter financial results.
For the fourth quarter of fiscal 2012, the fiber optic equipment maker reported adjusted EPS of 15 cents on revenue of $439 million. Analysts had estimated the company’s fourth quarter EPS of $12 cents on revenue of $421.5 million. The company posted EPS of 14 cents on revenue of $472.3 million for the same period of last year.
GAAP EPS was negative 10 cents, compared to GAAP EPS of 4 cents a year ago.
Gross margin declined slightly to 45% from 46.7% in the same period of last year.
For the first quarter of fiscal 2013, the company is expecting revenue of $415 million to $435 million. Analysts are averagely expecting revenue of $429.5 million.
As of the article release, JDSU stock price has risen 8.43%, or 90 cents, to report at $11.58. Volume is at 5.17 million shares. JDSU stock price was between $8.47 and $15.17 over the past 52 weeks.