Finisar Reports Earnings Results for the Third Quarter Ended Jan. 31, 2016; Provides Earnings Guidance for the Fourth Quarter of Fiscal 2017; Provides Non-GAAP Tax Rate Guidance for Fiscal 2017
For fourth quarter of fiscal 2016, the company expects revenues in the range of $307 million to $327 million and non-GAAP earnings per diluted share are expected to be between $0.22 and $0.28 per share. Capital expenditures are expected to be approximately $33 million in the fourth quarter. Estimated non-GAAP taxes for the fourth fiscal quarter to be approximately $1 million. The company expects fourth quarter non-GAAP gross margins to be approximately 30% as the positive impact of favorable product mix is offset by the impact of 3 months of the annual telecom price reductions. Non-GAAP operating margins are expected to be between 8.2% and 9.2%.
Non-GAAP taxes for fiscal 2017 are estimated to be approximately 7%.