February 3, 2011 / 10:21 PM / 7 years ago

UPDATE 1-JDS Uniphase Q2 rev beats Street, shares surge

* Q2 adj EPS $0.29 vs $0.19 est

* Q2 revenue up 38 pct to $473.5 mln

* Sees Q3 rev of $440-$460 mln

* Shares rise 18 percent after the bell

Feb 3 (Reuters) - JDS Uniphase Corp JDSU.O JDU.TO posted a quarterly profit that beat estimates, helped by a surge in revenue from its communications and commercial optical products segment, sending its shares up 18 percent in after-market trade.

The company, which provides broadband and optical communication components to various industries, expects non-GAAP revenue of $440-$460 million in the third quarter.

For the second quarter ended Jan. 1, net income was $23.6 million, or 10 cents per share, compared with net loss of $19.5 million, or 9 cents per share, a year ago.

Adjusted earnings was 29 cents per share, up from 12 cents apiece a year ago.

Revenue rose 38 percent to $473.5 million. The communications and commercial optical products division posted a 70 percent increase in quarterly revenue of $191.1 million.

Analysts on average were expecting the company to earn 19 cents per share on revenue of $438.6 million, according to Thomson Reuters I/B/E/S.

Shares of Milpitas, California-based JDS rose 18 percent to $21.07 in trading after the bell. They closed at $17.93 on Thursday on Nasdaq and at C$17.75 on the Toronto Stock Exchange. (Reporting by Abhiram Nandakumar in Bangalore; Editing by Don Sebastian) ((abhiram.nandakumar@thomsonreuters.com; within U.S. +1 646 223 8780; outside U.S. +91 80 4135 5800; Reuters Messaging: abhiram.nandakumar.thomsonreuters.com@reuters.net))

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