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DAILY EARNINGS

Finisar Net Surges, Intel Lifts Revenue Outlook


Author: Mukesh Buch
ticker.com
Last Update: 12:53 PM ET June 13 2014

10:45 AM New York Finisar fourth-quarter net surged above six-fold to $28.4 million and revenue jumped 25.7% to $306 million. Multi-Color fourth-quarter net plunged 67% to $3 million while revenue climbed 15% to $193.5 million.

Earnings Review

Finisar Corporation (FNSR) tumbled 21.7% or $5.48 to $19.77 after the communication network services provider said revenue in the fourth-quarter ending on April 27 jumped 25.7% to $306 million.

Net income in the quarter surged above six-fold to $28.4 million or 27 cents a diluted share compared to $3.9 million or 4 cents.

Intel Corporation (INTL) climbed 7.3% or $2.02 to $29.98 after the computer chip-maker reported new forecast revenue in the second-quarter between $13.7 billion and $14 billion compared to earlier estimate of $13 billion, plus or minus $500 million.

The chipmaker lifted annual revenues outlook to $53.07 billion.

Multi-Color Corporation (LABL) soared 7.3% or $2.57 to $37.73 after the commercial printing services provider said net revenue in the fourth-quarter ending in March climbed 15% to $193.5 million.

Net income in the quarter plunged 66.7% to $3.05 million or 18 cents a diluted share compared to $9.15 million or 56 cents.
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Sources: Data collected by 123jump.com and Ticker.com from company press releases, filings and corporate websites. Market data: BATS Exchange. Inc