Finisar: Fiscal 2Q Earnings Snapshot
SUNNYVALE, Calif. (AP) _ Finisar Corp. (FNSR) on Monday reported a fiscal second-quarter loss of $5.3 million, after reporting a profit in the same period a year earlier.
On a per-share basis, the Sunnyvale, California-based company said it had a loss of 4 cents. Earnings, adjusted for one-time gains and costs, were 26 cents per share.
The results beat Wall Street expectations. The average estimate of eight analysts surveyed by Zacks Investment Research was for earnings of 21 cents per share.
Finisar: Fiscal 1Q Earnings Snapshot
SUNNYVALE, Calif. (AP) _ Finisar Corp. (FNSR) on Thursday reported a fiscal first-quarter loss of $18.5 million, after reporting a profit in the same period a year earlier.
On a per-share basis, the Sunnyvale, California-based company said it had a loss of 16 cents. Earnings, adjusted for one-time gains and costs, came to 18 cents per share.
NEW YORK (AP) — The stocks of a slew of technology companies jumped Monday after President Donald Trump appeared to lobby on behalf of ZTE, a Chinese telecom company that has been sanctioned by the U.S.
The U.S. government cut off ZTE's access to American suppliers in April in a case involving illegal exports to North Korea and Iran. Early this month ZTE halted core operations.
Finisar and Caterpillar jump while Diebold and Lumentum fall
NEW YORK (AP) — Stocks that moved substantially or traded heavily on Wednesday:
Finisar Corp., up $4.41 to $23.71
Apple is making a $390 million investment in the company so it can make more lasers used in facial recognition technology.
Western Digital Corp., up $1.86 to $83.63
The hard drive maker resolved a patent dispute and other issues surrounding Toshiba's sale of its flash memory business.
NEW YORK (AP) — Stocks that moved substantially or traded heavily Friday:
Whole Foods Market Inc., up $9.62 to $42.68
Amazon agreed to buy the grocery chain for $42 a share, or about $13.4 billion.
Supervalu Inc., down 54 cents to $3.22
Grocery store companies plunged as Amazon loomed as a new competitor.
Booz Allen Hamilton Holding Corp., down $7.43 to $31.90
The defense contractor said the Justice Department is investigating its account and billing practices.
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