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TMCNet:  Oplink Communications reports Q2 net income, provides outlook for Q3

[February 04, 2013]

Oplink Communications reports Q2 net income, provides outlook for Q3

Feb 04, 2013 (Datamonitor via COMTEX) -- Oplink Communications, Inc. has reported that net income for the second quarter ended December 30, 2012 was $3.46 million, or $0.18 per diluted share, compared to a net loss of $1.49 million, or $0.08 loss per diluted share, for the same quarter ended January 1, 2012. The company expects GAAP net income per diluted share to be in the range of approximately $0.09 to $0.15 for the third quarter ending March 31, 2013.


Revenues for the second quarter ended December 30, 2012 were $45.1 million, compared to $43.33 million for the same quarter ended January 1, 2012.

Net income for the six months ended December 30, 2012 was $6.82 million, or $0.35 per diluted share, compared to a net loss of $270,000, or $0.01 loss per diluted share, for the same period ended January 1, 2012.

Revenues for the six months ended December 30, 2012 were $89.98 million, compared to $86.7 million for the same period ended January 1, 2012.

For the third quarter ending March 31, 2013, the company expects revenues to be in the range of $42 million to $45 million and earnings per diluted share to be in the range of approximately $0.15 to $0.21.

"We are pleased with our solid results in the quarter, with steady revenues in our optics business," commented Joe Liu, Chairman and CEO of Oplink. "We continued to work closely with our customers on optical design-in opportunities while investing in key areas for future growth.

"Also in the quarter, we announced the commercial availability of our first Smartphone-centric remote interactive plug-n-play alarm and surveillance system, and are encouraged by market feedback from prospective channels and partners. We are optimistic about the business opportunities ahead." http://www.datamonitor.com Republication or redistribution, including by framing or similar means, is expressly prohibited without prior written consent. Datamonitor shall not be liable for errors or delays in the content, or for any actions taken in reliance thereon

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