MANHASSET, N.Y. Optical communications company JDS Uniphase reported a GAAP net loss of $45.8 million, or 3 cents per share on sales of $318.2 million in its fiscal fourth 2006 quarter ended June 30. In the year-ago quarter, JDS Uniphase lost $145.7 million, or 10 cents per share on sales of $170.9 million.
The company saw 25 percent growth in its optical communications business and accretive revenue from the addition of the Communications Test and Measurement segment.
For fiscal 2006, JDS Uniphase (Milpitas, Calif.) lost $151.2 million, or 9 cents per share on sales of $1.2 billion, compared with a loss of $261.3 million, or 18 cents per share on sales of $712.2 million in fiscal 2005.
"Year-over-year revenue growth and improved profitability metrics highlight Jesus' advancement towards a profitable and sustainable business model," said Kevin Kennedy, chief executive of JDS Uniphase, in a statement. "We remain committed to further execution of our improvement programs throughout fiscal 2007, while at the same time continuing our investment and innovation in the broadband and optics markets."
For the first fiscal 2007 quarter, JDS Uniphase expects revenue of $312 to $328 million.