Oclaro (OCLR) Prelim. Q3 Revenue Tops Estimates
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Oclaro Announces Preliminary First Quarter FY2016 Results
October 21, 2015 4:30 PM EDTSAN JOSE, Calif., Oct. 21, 2015 /PRNewswire/ -- Oclaro, Inc. (Nasdaq: OCLR), a leading provider and innovator of optical communications solutions, today reported preliminary results for its first quarter of fiscal year 2016. The Company announced that it expects first quarter results to exceed its previously provided financial guidance. The Company's financial guidance was last provided on August 4, 2015.
For the first quarter of fiscal year 2016, Oclaro expects:
Revenues to be approximately $87.5 million, at the high end of the range previously provided; Non-GAAP gross margin... More