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Emcore Reports Larger-Than-Expected Non-GAAP Q4 Net Loss But Revenue Tops Street View

5:09PM ET 12/04/2019 MT Newswires
Emcore Corp (EMKR) late Wednesday reported a non-GAAP net loss of $0.27 per share for its Q4 ended Sept. 30, more than doubling its its $0.12 per share adjusted net loss during the same quarter last year and missing the Capital IQ consensus expecting a non-GAAP net loss of $0.15 per share the electronic components manufacturer.

Revenue declined 3.7% year-over-year to $24.3 million, topping the $23.0 million three-analyst mean.

Looking forward, Emcore is projecting revenue for the current quarter ending Dec. 31 in a range of $25 million to $27 million while the three analysts, on average, are expecting Q1 revenue of $25.1 million at the company.

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