NeoPhotonics: 2Q Earnings Snapshot
SAN JOSE, Calif. (AP) _ NeoPhotonics Corp. (NPTN) on Monday reported a loss of $10.5 million in its second quarter.
On a per-share basis, the San Jose, California-based company said it had a loss of 24 cents. Losses, adjusted for stock option expense and restructuring costs, were 14 cents per share.
The results beat Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for a loss of 20 cents per share.
The maker of components for communications networks posted revenue of $81.1 million in the period, also topping Street forecasts. Five analysts surveyed by Zacks expected $74 million.
NeoPhotonics shares have climbed slightly more than 4 percent since the beginning of the year. In the final minutes of trading on Monday, shares hit $6.86, an increase of almost 3 percent in the last 12 months.