Why does JDSU report non-GAAP results?
JDSU provides non-GAAP and adjusted results to supplement its consolidated financial statements that are presented in accordance with GAAP or actual results. These non-GAAP and adjusted results are intended to supplement the user’s overall understanding of the company’s current financial performance and prospects for the future, and provide useful information by identifying certain expenses, gains and losses that may promote additional understanding of the company’s core operating results or business performance when excluded from the GAAP or actual results. Non-GAAP and adjusted financial results are not intended to supersede or replace the company’s GAAP or actual results.
