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Emcore: Fiscal 3Q Earnings Snapshot

ALHAMBRA, Calif. (AP) _ Emcore Corp. (EMKR) on Thursday reported a fiscal third-quarter loss of $8.4 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 31 cents. Losses, adjusted for stock option expense and non-recurring costs, were 26 cents per share.

The results missed Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for a loss of 8 cents per share.

The maker of components for communications gear and solar panels posted revenue of $17.7 million in the period.

For the current quarter ending in September, Emcore said it expects revenue in the range of $21 million to $23 million.

Emcore shares have decreased 19 percent since the beginning of the year. The stock has declined 55 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 EMKR at https://www.zacks.com/ap/EMKR