iPhone 14 Wish List 'House of the Dragon' Review Xbox Game Pass Ultimate Review Car Covers Clean Your AirPods 'The Rehearsal' on HBO Best Smart TV Capri Sun Recall
Want CNET to notify you of price drops and the latest stories?
No, thank you

JDS Uniphase hurdles 3Q estimates

JDS Uniphase skipped past analysts' estimates in its third quarter Tuesday, earning $85.8 million, or 11 cents a share, on sales of $394.6 million.

Ahead of the earnings report, JDS Uniphase (Nasdaq: JDSU) shares closed up 12 9/16, or 16 percent, to 92 7/8.

First Call Corp. consensus expected it to earn 10 cents a share in the quarter.

The $394.6 million in sales marks a 155 percent improvement from the year-ago quarter when it earned $65.7 million, or 9 cents a share, on sales of $154.9 million.

Including merger-related and purchased intangibles amortization charges, JDS Uniphase reported a loss of $240.9 million, or 32 cents a share, in the quarter.

Last quarter, JDS Uniphase pocketed $66 million, or 18 cents a share, on sales of $282 million.

Its shares moved up to a 52-week high of 153 3/8 in March after falling to a low of 13 13/16 last April.

Thirty-two of the 33 analysts following the stock maintain either a "buy" or "strong buy" recommendation.

First Call analysts are expecting it to earn 37 cents a share in the fiscal year.