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Emcore Posts Smaller-Than-Expected Q1 Loss, Misses on Revenue

6:17AM ET 2/06/2020 MT Newswires
Emcore (EMKR), a provider of advanced mixed-signal optics products, reported a fiscal Q1 adjusted loss of $0.06 per share, narrower than the loss of $0.09 a year earlier beating the Capital IQ forecast for a loss of $0.19.

Revenue for the quarter ended Dec. 31 was $25.5 million, up from $24 million reported for the same period last year but lower than the $26 million expected by analysts.

For fiscal Q2, the company said it expects revenue to range from $23 million to $25 million. Analysts have been expecting $27.3 million

Price: 3.1600, Change: -0.1100, Percent Change: -3.36