Shares of Finisar Corporation FNSR have traded down as much as 24.36 percent following disappointing earnings and a weak profit forecast.
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.
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