Optical Space Moves Lower On Finisar Results
Finisar reported fourth quarter EPS of $0.36 versus the estimated $0.38, missing by $0.02. Revenue came in at $306.0 million versus the estimated $303.92 million. Management sees Q1 EPS of $0.30-0.40, versus the $0.41 analyst estimate.
The company's earnings report is having an impact on the communications and networking sector.
An hour after the opening bell, Oplink Communications (NASDAQ: OPLK) shares were down 1.37 percent.
- Shares of EMCORE (NASDAQ: EMKR) fell 3.83 percent.
- Oclaro (NASDAQ: OCLR) shares are down more than 5.4 percent
- Shares of NeoPhotonics (NYSE: NPTN) fell 4.7 percent.
- Alliance Fiber Optics Products (NASDAQ: AFOP) shares dropped more than 8.9 percent.
Oplink Communications currently leads the stocks, with shares up 0.12 percent.
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