Uniphase Announces Third Quarter Results

Telecommunications components manufacturer Uniphase Corp. (San Jose, CA) reported net sales of $74.5 million for the third quarter of fiscal year 1999 (March 31), up 55% from the $47.9 million reported in the same period of fiscal 1998.

Excluding acquisition and divestiture related charges and the amortization of purchased intangible assets and goodwill, the company had a net income of $15.6 million ($0.36 per diluted share), up 65% from the $9.4 million ($0.25 per diluted share) reported for the year prior quarter. Including charges, net income for the quarter was $12.8 million ($0.29 per diluted share) on 43.4 million weighted average shares outstanding.