Oclaro, Inc. Announces Unaudited Consolidated Earnings Results for the Third Quarter Ended April 1, 2017; Provides Guidance for the Quarter Ending July 1, 2017
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.