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NeoPhotonics: 3Q Earnings Snapshot

·1 min read

SAN JOSE, Calif. (AP) _ NeoPhotonics Corp. (NPTN) on Monday reported a third-quarter loss of $4.9 million, after reporting a profit in the same period a year earlier.

The San Jose, California-based company said it had a loss of 10 cents per share. Earnings, adjusted for one-time gains and costs, were 11 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 12 cents per share.

The maker of components for communications networks posted revenue of $102.4 million in the period, topping Street forecasts. Four analysts surveyed by Zacks expected $101.8 million.

For the current quarter ending in December, NeoPhotonics expects its results to range from a loss of 23 cents per share to a loss of 13 cents per share.

The company said it expects revenue in the range of $64 million to $70 million for the fiscal fourth quarter.

NeoPhotonics shares have decreased 24% since the beginning of the year. In the final minutes of trading on Monday, shares hit $6.68, a rise of 1.5% in the last 12 months.

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