JDSU Reports Fiscal Q3

MILPITAS, Calif. -- JDSU (NASDAQ: JDSU) today reported results for its fiscal third quarter ended March 28, 2015.

GAAP net revenue was $410.7 million, with net loss of $(13.2) million, or $(0.06) per share. Prior quarter GAAP net revenue was$437.1 million, with net loss of $(25.1) million, or $(0.11) per share. GAAP net revenue for fiscal third quarter 2014 was $418.0 million, with net loss of $(1.5) million, or $(0.01) per share.

Non-GAAP net revenue was $410.7 million, with net income of $27.6 million, or $0.12 per share. Prior quarter non-GAAP net revenue was $437.1 million, with net income of $35.4 million, or $0.15 per share. Non-GAAP net revenue for fiscal third quarter 2014 was $418.0 million, with net income of $23.4 million, or $0.10 per share.

"JDSU delivered better-than-expected operating margin and EPS despite muted carrier spending that impacted our Network and Service Enablement businesses," said Tom Waechter, JDSU's president and chief executive officer. "We saw strength in optical components for datacom, achieving a record revenue quarter, and are encouraged by progress in our next generation service enablement solutions."

Waechter added, "Lumentum and Viavi Solutions are building momentum and we remain on plan to complete the spin in the third calendar quarter this year."

JDSU (Nasdaq: JDSU; Toronto: JDU)