Finisar Posts Q1 Profit - Quick Facts

(RTTNews) - Finisar Corp. (FNSR) Thursday reported first-quarter profit of $26.01 million or $0.26 per share, compared to a loss of $6.20 million or $0.07 per share in the comparable quarter last year.

Adjusted earnings for the quarter was $31.27 million or $0.31 per share. On average, 14 analysts polled by Thomson Reuters expected the company to earn $0.31 per share for the quarter. Analysts' estimates typically exclude special items.

Revenues increased to $266.07 million from $220.53 million last year. Analysts expected revenues of $266.04 million.

Looking ahead to the second quarter, the company has forecast adjusted earnings in the range of $0.37 to $0.41 per share, with revenues in the order of $277 to $292 million. Analysts currently expect the company to earn $0.31 per share on second-quarter revenues of $272.95 million.