Finisar swings to Q3 loss on weaker sales, higher costs

Finisar Corp. swung to a fiscal third-quarter loss as revenue declined, and as the telecommunication-equipment provider also posted higher expenses and income-tax provisions.

However, results met the company's expectations and Finisar also issued a fourth-quarter view in line with analysts' estimates.

For the current quarter, the company expects per-share earnings of 15