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Actionable news in FNSR: Finisar Corporation,

Finisar (FNSR) Stock Surges in After-Hours Trading on Q1 Beat, Raised Guidance

NEW YORK (TheStreet) -- Shares of Finisar (FNSR) were advancing 12.57% to $26.15 in after-hours trading on Thursday as the company reported higher-than-expected fiscal 2017 first quarter results after today's market close.

Finisar posted earnings of 38 cents per share, surpassing Wall Street's expectations of 30 cents per share. Revenue rose 7.1% to $341.3 million, beating analysts projected $332.75 million in revenue.

For the same period last year, the Sunnyvale, CA-based fiber optic solutions provider earned 23 cents per share and $314.03 million in revenue.

Finisar said it expects fiscal 2017 second quarter earnings to be in the range of 44 cents to 50 cents per share, above consensus estimates of...


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