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OPLK - OPLK FYQ4 EPS Beats, Q1 EPS View Higher

By Tiernan Ray

Shares of fiber optic component vendor Oplink Communications (OPLK) are up 30 cents, or 2%, at $14.56 after the company this afternoon reported fiscal Q4 revenue and profit per share that topped analysts’ expectations, and forecast this quarter’s EPS above consensus despite a revenue projection that was slightly below expectations.

Revenue in the three months ended in June rose slightly, year over year, to $44 million, yielding EPS of 19 cents.

Analysts on average had been modeling $44.5 million and 12 cents.

CEO Joe Liu called the quarter’s results “solid … especially considering the market climate in telecommunications spending.”

“As we enter fiscal 2013, we expect a relatively stable order environment,” he added, “although we are still limited in our visibility overall.”

For the current quarter, the company sees revenue in a range of $43 million to $46 million, and EPS, excluding some costs, of 16 cents to 22 cents.

Analysts have been modeling $46.1 million and 15 cents.

Oplink’s report follows a better-than-expected fiscal Q4 report by competitor JDS Uniphase (JDSU) on Tuesday.

Oplink Reports Fourth Quarter and Fiscal Year 2012 Financial Results