Reuters: Technology News: JDS Uniphase revenue falls on weak demand for optical components

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JDS Uniphase revenue falls on weak demand for optical components Aug 13th 2013, 20:23 Tue Aug 13, 2013 4:23pm EDT (Reuters) - Network equipment testing company JDS Uniphase Corp reported a lower quarterly revenue on weak demand for optical components from telecom customers. The company reported a profit of $92.5 million, or 38 cents per share, in the fourth quarter, compared with a loss of $22.2 million, or 10 cents per share, a year earlier. Excluding one-time items, it earned 13 cents per share. Net revenue fell 3 percent to $421.3 million in the three months ended June 29. JDS Uniphase makes instruments and test tools to deploy and optimize communications equipment and broadband networks for customers such as AT&T Inc, Time Warner Cable Inc and Verizon Communications Inc. It also supplies equipment to network-gear makers such as Cisco Systems Inc. The company's shares fell 3 percent after market. They had closed at $14.80 on the Nasdaq. (Reporting by Neha Alawadhi and Supantha Mukherjee in Bangalore; Editing by Sreejiraj Eluvangal)

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