Finisar Shares Up 11 Percent on Higher Q1 Optical Chip Sales

Shares of $405 million (market cap) optical component maker Finisar (FNSR) are up 13 cents, or 11 percent, today at $1.31, after the company announced sales and profit last night that beat estimates following Finisar’s merger with fellow component maker Optium, announced back in May.

Finisar reported sales of $128.7 million for the first fiscal quarter ended Aug. 3, above estimates of about $122 million, and profit of 4 cents a share, a penny ahead of estimates. That was a 22 percent jump, year over year, and was also ahead of Finisar’s original forecast of revenue in a range of $120 million to $125 million.

Read the rest of this post


Must-Reads from other Websites

Panos Mourdoukoutas

Why Apple Should Buy China’s Xiaomi

Paul Graham

What I Didn’t Say

Benjamin Bratton

We Need to Talk About TED

Mat Honan

I, Glasshole: My Year With Google Glass

Chris Ware

All Together Now

Corey S. Powell and Laurie Gwen Shapiro

The Sculpture on the Moon

About Voices

Along with original content and posts from across the Dow Jones network, this section of AllThingsD includes Must-Reads From Other Websites — pieces we’ve read, discussions we’ve followed, stuff we like. Six posts from external sites are included here each weekday, but we only run the headlines. We link to the original sites for the rest. These posts are explicitly labeled, so it’s clear that the content comes from other websites, and for clarity’s sake, all outside posts run against a pink background.

We also solicit original full-length posts and accept some unsolicited submissions.

Read more »