Finisar Posts Q3 Profit - Quick Facts

(RTTNews) - Finisar Corp. (FNSR) Thursday reported third-quarter profit of $27.06 million or $0.26 per share, compared to a loss of $3.41 million or $0.04 per share in the same period last year.

Adjusted earnings for the quarter were $45.53 million or $0.44 per share. On average, 14 analysts polled by Thomson Reuters expected the company to earn $0.44 per share for the quarter. Analysts' estimates typically exclude special items.

Revenues increased to $294.02 million from $238.35 million last year. Analysts expected revenues of $299.09 million.

Looking ahead, the company currently projects fourth-quarter adjusted earnings in the range of $0.38 to $0.42 per share, with revenues ranging between $290 million and $305 million.

Analysts currently expect the company to report full-year earnings of $0.40 per share on revenues of $297.19 million.