JDSU (JDSU) says its finances haven’t been so hot lately.
As is the case with many tech companies, JDSU’s most recent earnings report isn’t anything to write home about. Net revenue in the company’s fiscal third quarter was $281 million, down from $384 million from the same period a year ago. JDSU’s deficit last quarter was more than $85 million.
Sales were down across the company’s divisions. JDSU expects revenue will remain about the same this quarter.
The company's stock took a beating on the earnings news, falling more than 17 percent on Thursday.
