JDSU » Topics » JDSU ANNOUNCES FISCAL 2009 THIRD QUARTER RESULTS

This excerpt taken from the JDSU 8-K filed Apr 29, 2009.

JDSU ANNOUNCES FISCAL 2009 THIRD QUARTER RESULTS

Milpitas, California, April 29, 2009 – JDSU (NASDAQ: JDSU; and TSX: JDU) today reported results for its third fiscal quarter ended March 28, 2009.

Net revenue for the third fiscal quarter was $280.6 million and the net loss was $(85.2) million, or $(0.40) per share, which included a $45 million impairment of goodwill. This compares to net revenue of $383.9 million and a net loss of $(6.2) million or $(0.03) per share in the third fiscal quarter of 2008.

On a non-GAAP basis, net loss for the quarter was $(6.9) million or $(0.03) per share. This compares with non-GAAP net income of $31.2 million or $0.14 per share in the third fiscal quarter of 2008.

On an adjusted EBITDA basis (adjusted Earnings Before Interest, Taxes, Depreciation and Amortization) the Company reported $9.3 million for the quarter, which compares to $32.3 million in the third fiscal quarter of 2008.

“We generated positive free cash flow and fortified our balance sheet during these challenging economic times,” said Tom Waechter, JSDU’s President and Chief Executive Officer. “We remain confident in our long-term market opportunities and will continue to focus on innovation and our lean initiative activities to position JDSU for future growth and ongoing market leadership.”

This excerpt taken from the JDSU 8-K filed Feb 5, 2009.

JDSU ANNOUNCES FISCAL 2009 SECOND QUARTER RESULTS

Milpitas, California, February 5, 2009 – JDSU (NASDAQ: JDSU; and TSX: JDU) today reported results for its second fiscal quarter ended December 27, 2008.

Net revenue for the second fiscal quarter was $357.0 million and the net loss was $(705.3) million, or $(3.28) per share, primarily due to an impairment of goodwill and long-lived assets of $699.6 million. This compares to net revenue of $399.2 million and net income of $21.2 million or $0.09 per share in the second fiscal quarter of 2008.

On a non-GAAP basis, net income for the quarter was $24.8 million or $0.11 per share. This compares with non-GAAP net income of $50.2 million or $0.22 per share in the second fiscal quarter of 2008.

Revenue for the second fiscal quarter excluded approximately $10 million for optical communications products that were shipped to Nortel for which payment was not received prior to its bankruptcy filing on January 14, 2009. This revenue has been deferred.

On an adjusted EBITDA basis (adjusted Earnings Before Interest, Taxes, Depreciation and Amortization) the Company reported $36.4 million for the quarter, which compares to $61.8 million in the second fiscal quarter of 2008.

“During these challenging economic times we continue to make progress in improving the cost structure and operating model of the company,” said Tom Waechter, JDSU’s President and Chief Executive Officer. “We will continue to focus on innovation and our lean initiative activities, which I believe will uniquely position JDSU for future growth once market conditions improve.”

This excerpt taken from the JDSU 8-K filed Oct 29, 2008.

JDSU ANNOUNCES FISCAL 2009 FIRST QUARTER RESULTS

Milpitas, California, October 29, 2008 – JDSU (NASDAQ: JDSU) today reported results for its first fiscal quarter ended September 27, 2008.

Net revenue for the first fiscal quarter was $380.7 million and the net loss was $(16.4) million, or $(0.08) per share. This compares to net revenue of $356.7 million and a net loss of $(6.9) million or $(0.03) per share in the first fiscal quarter of 2008. Operating loss for the first fiscal 2009 quarter was $(16.6) million which compares to an operating loss of $(21.5) million for the same period last year. The lower operating loss was primarily due to improved gross margins.

On a non-GAAP basis net income for the quarter was $23.4 million or $0.11 per share. This compares with non-GAAP net income of $18.0 million or $0.08 per share in the first fiscal quarter of 2008.

On an adjusted EBITDA basis (adjusted Earnings Before Interest, Taxes, Depreciation and Amortization) the Company reported $37.1 million for the quarter, which compares to $23.7 million in the first fiscal quarter of 2008.

“In the first fiscal quarter of 2009, JDSU achieved growth in non-GAAP operating income and free cash flow during a period of economic uncertainty,” said Kevin Kennedy, JDSU’s Chief Executive Officer. “We continue to focus on advancing our business model across all of our business segments.”

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