JDS Uniphase Corp., a maker of communication and networking equipment, posted weaker-than-expected quarterly results due to a delay in orders, and the company forecast current-quarter results below analysts' estimates.
JDS Uniphase's shares sank in extended trading after the news Wednesday.
"Our fiscal third quarter revenue was impacted by later-than-expected carrier orders," Chief Executive Tom Waechter said in a statement.
JDS Uniphase forecast adjusted profit of 10-14 cents per share and revenue of $425 million to $445 million for the fourth quarter ending June 28.
Analysts on average were expecting earnings of 17 cents per share on revenue of $459 million, according to Thomson Reuters I/B/E/S.
JDS Uniphase's net loss narrowed to $1.5 million, or 1 cent per share, in the third quarter ended March 29 from $28 million, or 12 cents per share, a year earlier.
Excluding items, the company earned 10 cents per share.
Revenue rose 3 percent to $418 million.
Analysts on average had expected a profit of 11 cents per share on revenue of $431.7 million.
At 5:30 p.m. in New York, JDS Uniphase's shares were down 6.6 percent at $11.84, after closing the regular Nasdaq session at $12.67.
© 2026 Thomson/Reuters. All rights reserved.