Oclaro, Inc. announced unaudited consolidated earnings results for the third quarter ended April 1, 2017. For the quarter, the company reported Revenue was $162,182,000 against revenues of $101,050,000 a year ago. Operating income was $37,740,000 against operating income of $2,459,000 a year ago. Income before income taxes was $38,835,000 against income before income taxes of $565,000 a year ago. Net income was $38,214,000 against net income of $89,000 a year ago. Diluted per share was $0.22 against diluted per share of $0 a year ago. Non-GAAP operating income was $40,463,000 against non-GAAP operating income of $4,575,000 a year ago. Non-GAAP net income was $39,892,000 against non-GAAP net income of $3,321,000 a year ago. Adjusted EBITDA was $45,505,000 against adjusted EBITDA of $8,485,000 a year ago. Non-GAAP diluted net income per share was $0.24 against non-GAAP diluted net income per share of $0.03 a year ago.

The company provided guidance for the quarter ending July 1, 2017. The company expects revenues in the range of $144 million to $152 million. Non-GAAP gross margin in the range of 38% to 41%. Non-GAAP operating income in the range of $27 million to $31 million.