Oplink Skyrocketing On Strong Earnings (OPLK)
Oplink Communications, Inc. (NASDAQ: OPLK) is up sharply today, gaining after the company reported stronger than expected earnings.
Oplink reported earnings of 41 cents per share, 2 cents better than Wall Street was expecting. Revenue rose 48 percent to $49.6 million, better than the $48.7 million estimates.
Oplink also said its guidance for the first quarter is 41-47 cents a share, on revenues of $50-$53 million.
Wall Street is expecting 42 cents per share, on revenues of $51.1 million.
© 2016 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.