The maker of fiber-optic products, which now goes by the name JDSU, recorded a net loss of $42.1 million, or 3 cents a share -- basically the same as the loss in the-year ago period. After results were issued, the company's stock (JDSU: fell more than 3% in Thursday trades. One brokerage, Needham & Co., downgraded the company after a recent runup in its stock, saying shares are now "fairly valued."
The good news is that most of the loss stemmed from the company's onetime restructuring costs and noncash writedowns tied to recent acquisitions. If those costs are omitted, JDSU sliced its loss to $3.7 million from $28.6 million a year ago, matching Wall Street's expectations. CNN Marketplace
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