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May 12th, 2014
Oclaro reports net loss in third quarter
Optical communications firm Oclaro Inc. reported a net loss of $22.9 million in its third fiscal quarter but said it remains on course with its turnaround plan.
Oclaro saw net gains in the first two quarters of fiscal 2014, which it attributed to roughly 132.9 million in discontinued operations. The company lost $33.8 million in the third quarter of 2013. The company generated $95.4 million in revenue in the third quarter, down 7.3 percent from $102.9 million in the second quarter.
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