SAN FRANCISCO (AP) — JDS Uniphase Corp. on Tuesday posted a quarterly loss as the company took a hit from what it described as an "unfavorable" legal decision that caused it to set aside $7.4 million and count it against earnings.
The company's net loss was $5.8 million, or 3 cents per share, versus net income of $100,000, or breakeven, during the year-ago period.
Excluding items such as the $7.4 million for a penalty and interest as part of the legal case, the company earned 18 cents per share. Analysts expected 13 cents per share on that basis, according to FactSet.
The Milpitas-based company's technology is used by communications companies to test the quality of their …
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