JDS Uniphase Corporation Reports Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended December 27, 2014; Provides Earnings Guidance for the Third Quarter Ending March 28, 2015
January 29, 2015 at 09:05 pm
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JDS Uniphase Corporation reported unaudited consolidated earnings results for the second quarter and six months ended December 27, 2014. For the quarter, the company reported net revenue of $437.1 million compared to $447.6 million a year ago. Loss from operations was of $8.2 million compared to income from operations of $19.8 million a year ago. Loss before income taxes was of $16.3 million compared to income before taxes of $11.8 million a year ago. Net loss was $25.1 million or $0.11 basic and diluted loss per share compared to net income of $8.8 million or $0.04 per share diluted a year ago. EBITDA was $28.5 million compared to $50.3 million a year ago. Adjusted EBITDA was $63.7 million against $67.0 million a year ago. Non-GAAP net revenue was $437.1 million, with non-GAAP net income of $35.4 million, or $0.15 per share. Prior quarter non-GAAP net revenue was $433.6 million, with non-GAAP net income of $33.8 million, or $0.14 per share. Non-GAAP net revenue for fiscal second quarter 2014 was $447.6 million, with net income of $45.3 million, or $0.19 per share.
For the six months, the company reported net revenue of $870.7 million compared to $876.6 million a year ago. Loss from operations was of $4.0 million compared to income from operations of $26.4 million a year ago. Loss before income taxes was of $19.9 million compared to income before taxes of $12.6 million a year ago. Net loss was $34.8 million or $0.15 basic and diluted loss per share compared to net income of $9.1 million or $0.04 per share diluted a year ago. EBITDA was $67.4 million compared to $88.8 million a year ago. Adjusted EBITDA was $122.8 million against $120.2 million a year ago.
For the fiscal third quarter ending March 28, 2015, the company expects non-GAAP net revenue to be $418 million +/-10 million and non-GAAP earnings per share to be $0.09 +/-0.02.
Viavi Solutions Inc. is a provider of network test, monitoring, and assurance solutions for communications service providers (CSPs), hyperscalers, network equipment manufacturers (NEMs), original equipment manufacturers (OEMs), government and avionics. Its segments include Network Enablement (NE), Service Enablement (SE) and Optical Security and Performance Products (OSP). The NE segment provides testing solutions that access the network to perform build-out and maintenance tasks. These solutions include instruments, software and services to design, build, activate, certify, troubleshoot, and optimize networks. SE segment provides embedded systems and enterprise performance management solutions. These solutions include instruments, microprobes, and software, which monitors, collects, and analyzes network data to reveal the actual customer experience. The OSP segment provides optical products for anti-counterfeiting, consumer and industrial, government, automotive and other markets.
JDS Uniphase Corporation Reports Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended December 27, 2014; Provides Earnings Guidance for the Third Quarter Ending March 28, 2015