AP NEWS

Aquantia: 4Q Earnings Snapshot

February 12, 2019

SAN JOSE, Calif. (AP) _ Aquantia Corp. (AQ) on Tuesday reported a loss of $5.5 million in its fourth quarter.

The San Jose, California-based company said it had a loss of 16 cents per share. Losses, adjusted for stock option expense and amortization costs, came to 9 cents per share.

The results fell short of Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of 1 cent per share.

The maker of integrated circuits posted revenue of $29.1 million in the period, also falling short of Street forecasts. Four analysts surveyed by Zacks expected $33.6 million.

For the year, the company reported that its loss widened to $9.8 million, or 29 cents per share. Revenue was reported as $120.8 million.

For the current quarter ending in April, Aquantia said it expects revenue in the range of $19 million to $21 million.

Aquantia shares have increased 13 percent since the beginning of the year. In the final minutes of trading on Tuesday, shares hit $9.91, a drop of 29 percent in the last 12 months.

_____

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

AP RADIO
Update hourly