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Biz Break: Finisar finds few friends after financial forecast flop

Published Saturday March 11

The Mountain View city council this week gave the OK for Google to break ground on its…

Finisar is an optical equipment maker based in Sunnyvale. The things it makes are used by telecom network operators to make their networks run faster. On Thu Finisar remarked that for its fiscal 3rd quarter, which ended Jan. 29, it earned 59 cents a share, excluding one-time items, on revenue of $380.6 million. The proper part about all of that was that during the same period a year ago, Finisar earned 25 cents a share, on $309.2 mill. in sales.

So, business went up. But it wasn’t fine enough.

Do you want to guess what Finisar’s investors thought of all of that?

Not the way you want to end the week. But when Wall Street speaks, no other words matter.

Article length: About 550 words.
Tags: Mountain View
Read more at Mercurynews


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