Oclaro Inc. shares rose in the extended session Wednesday after the optical communications equipment company topped Wall Street estimates for the quarter. Oclaro shares rallied 6.8% to $9.75 after hours. The company reported fiscal fourth-quarter net income of $56 million, or 33 cents a share, compared to $11.8 million, or 9 cents a share, in the year-ago period. Adjusted earnings were 20 cents a share. Revenue rose to $149.4 million from $125.2 million in the year-ago period. Analysts surveyed by FactSet had estimated 17 cents a share on revenue of $148 million. For the first quarter, Oclaro estimates revenue of $151 million to $159 million. Analysts expect revenue of $154.1 million.
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