JDSU exceeds guidance with 2015 Q1 revenue

JDSU announced Wednesday its 2015 first-quarter revenue was down from the previous quarter but still exceeded guidance.

“Enterprise market performance included growth in datacom and service enablement, which generated an operating profit ahead of schedule,” CEO Tom Waechter said in a statement, adding plans to split the company into two remain on track for the 2015 third quarter.

One of the companies will focus on optical components and commercial lasers and the other will be a network and service enablement company.

JDSU’s net revenue for the three months ending Sept. 27 was $433.6 million, down from $448.6 million in the previous quarter, but higher than the same quarter last year.

Net loss came in at $9.7 million or four cents per share, down from the $25.4 million or 11 cents per share in the previous quarter. The company reported a net income of $300,000 in the same quarter last year.

Looking ahead, the company is expecting second-quarter revenue of about $445 million with earnings of about 15 cents per share.