AP NEWS
Related topics

Emcore: Fiscal 4Q Earnings Snapshot

December 4, 2018

ALHAMBRA, Calif. (AP) _ Emcore Corp. (EMKR) on Tuesday reported a fiscal fourth-quarter loss of $5.9 million, after reporting a profit in the same period a year earlier.

On a per-share basis, the Alhambra, California-based company said it had a loss of 21 cents. Losses, adjusted for non-recurring costs and stock option expense, were 12 cents per share.

The maker of components for communications gear and solar panels posted revenue of $25.2 million in the period.

For the year, the company reported a loss of $17.5 million, or 64 cents per share, swinging to a loss in the period. Revenue was reported as $85.6 million.

The company’s shares closed at $4.65. A year ago, they were trading at $7.40.

_____

This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on EMKR at https://www.zacks.com/ap/EMKR

AP RADIO
Update hourly