JDS Uniphase Loss Widens to $145.7 Million
- Share via
From Bloomberg News
JDS Uniphase Corp., the world’s largest maker of parts for fiber-optic networks, posted a wider fourth-quarter loss after the company recorded a $53.7-million expense to write down goodwill.
The loss widened to $145.7 million, or 10 cents a share, from $21.7 million, or 2 cents, a year earlier. Sales fell 2.1% to $170.9 million in the quarter ended June 30.
The San Jose-based company delayed its results last month to complete an audit.
Inside the business of entertainment
The Wide Shot brings you news, analysis and insights on everything from streaming wars to production — and what it all means for the future.
You may occasionally receive promotional content from the Los Angeles Times.
