Oclaro (OCLR) Releases Quarterly Earnings, Misses Estimates By $0.08 EPS
Oclaro (NASDAQ:OCLR) announced its earnings results on Wednesday. The company reported ($0.23) earnings per share for the quarter, missing the analysts’ consensus estimate of ($0.15) by $0.08, Analyst Ratings News reports. The company had revenue of $95.90 million for the quarter, compared to the consensus estimate of $96.36 million.
Oclaro (NASDAQ:OCLR) traded up 3.24% during mid-day trading on Wednesday, hitting $1.91. The stock had a trading volume of 395,904 shares. Oclaro has a 52 week low of $0.88 and a 52 week high of $3.57. The stock has a 50-day moving average of $2.05 and a 200-day moving average of $2.50. The company’s market cap is $205.5 million.
Oclaro, Inc is a provider of optical communications and laser components, modules and subsystems for a range of markets, including telecommunications (NASDAQ:OCLR), industrial, scientific, consumer electronics and medical.
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