Finisar Q2 Profit Surges - Quick Facts

(RTTNews) - Finisar Corp. (FNSR) Thursday reported second-quarter profit of $29.97 million, up from $0.27 million in the same period last year. On a per-share basis, earnings were $0.29, compared to breakeven earnings last year.

Adjusted earnings for the quarter was $0.43 per share. On average, 14 analysts polled by Thomson Reuters expected the company to earn $0.39 per share for the quarter. Analysts' estimates typically exclude special items.

Revenues increased to $290.72 million from $232.04 million last year. Analysts expected revenues of $288.28 million.

Looking ahead to the third quarter, the company has forecast earnings in the range of $0.43 to $0.47 per share with revenues in the order of $290 million to $305 million. Analysts currently expect the company to earn $0.38 per share on third-quarter revenues of $289.82 million.