Oclaro raises outlook for its 1Q revenue
Optical equipment maker Oclaro raises outlook for its 1st-qtr revenue to $82M to $87M
- On 5:49 pm EDT, Monday September 21, 2009
SAN JOSE, Calif. (AP) -- Oclaro Inc. raised its fiscal first-quarter revenue outlook range to $82 million to $87 million on Monday.
The company, which makes optical components for fiber optic networks, had said in July that it expected between $76 million and $84 million in revenue for the period.
Oclaro shares jumped 22 cents, or 21.6 percent, to $1.24 in after-hours trading, after falling 4 cents, or 3.8 percent, to finish regular trading at $1.02.
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