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Actionable news in OCLR: Oclaro, Inc.,

Oclaro (OCLR) Stock Higher as Q3 Earnings Top Estimates

NEW YORK (TheStreet) -- Shares of Oclaro (OCLR - Get Report) are up by 0.2% to $5.13 on heavy trading volume early Wednesday afternoon, after the company reported better-than-expected results for the 2016 fiscal third quarter and provided upbeat guidance.

After yesterday's closing bell, the San Jose, CA-based optical communications company posted earnings of 3 cents per share, above analysts' estimates of 1 cent per share.

Revenue for the quarter was $101.1 million, surpassing Wall Street's projections of $98.5 million.

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