Finisar (FNSR) Tops Q1 EPS by 8c; Offers Strong Q2 Outlook
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Finisar Announces Record First Fiscal Quarter Revenues
September 8, 2016 4:00 PM EDTSUNNYVALE, CA -- (Marketwired) -- 09/08/16 --
Finisar Corporation (NASDAQ: FNSR), a global technology leader for subsystems and components for fiber optic communications, today announced financial results for its first quarter of fiscal year 2017, ended July 31, 2016.
COMMENTARY
"I am pleased to announce that Finisar achieved record revenues for our first quarter of $341.3 million, an increase of $22.5 million, or 7.1% compared to the prior quarter. This growth was primarily driven by strong demand for 100Gb/s transceivers in CFP, CFP2, CFP4, and QSFP28 form factors. In addition, demand... More
