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Oclaro tops Street 4Q forecasts

SAN JOSE, Calif. (AP) _ Oclaro Inc. (OCLR) on Wednesday reported fiscal fourth-quarter net income of $56 million.

The San Jose, California-based company said it had profit of 33 cents per share. Earnings, adjusted for one-time gains and costs, came to 20 cents per share.

The results topped Wall Street expectations. The average estimate of eight analysts surveyed by Zacks...