February 5, 2008 / 11:19 PM / in 10 years

UPDATE 1-JDS Uniphase Q2 results beat Street view, shares rise

(Recasts; adds details, share movement)

Feb 5 (Reuters) - Telecoms equipment maker JDS Uniphase Corp JDSU.O posted quarterly results above Wall Street estimates and shares rose more than 16 percent in after-hours trading.

For the second quarter, net income fell to $21.2 million, or 9 cents a share, from $23.2 million, or 10 cents a share, a year ago.

Excluding items, the company earned 22 cents a share and revenue rose 9 percent to $399.2 million.

The company said revenue from its communications test and measurement segment rose 14 percent sequentially and represented 49 percent of the total quarterly non-GAAP net revenue.

Analysts on average expected the company to earn 12 cents a share, before items, on revenue of $386.2 million, according to Reuters Estimates.

For the third quarter, the maker of fibre optics components expects non-GAAP net revenue of $380 million to $402 million.

Analysts on average expect revenue of $387.9 million for the quarter.

Shares of the company rose to $11.83 in after-hours trading, after closing at $10.16 on the Nasdaq. (Reporting by Purwa Naveen Raman in Bangalore; Editing by Anupama Dwivedi)

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