Oclaro, Inc. Announces Unaudited Consolidated Earnings Results for the First Quarter Ended September 30, 2017; Provides Earnings Guidance for the Second Quarter Ending December 30, 2017 and Full Year of Fiscal 2018
The company provided earnings guidance for the second quarter ending December 30, 2017. For the quarter, the company expects revenues in the range of $135 million to $143 million; Non-GAAP gross margin in the range of 36% to 39%; and non-GAAP operating income in the range of $19 million to $23 million.
For calendar year 2018, the company expects non-GAAP operating expenses will be in the range of $30 million to $32 million per quarter. The company is now lowering CapEx projection to a range of $55 million to $65 million for the year, with an exit rate in June of approximately $10 million per quarter. Depreciation is projected to increase by $1 million to $1.5 million per quarter for the rest of this fiscal year.