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NeoPhotonics: Q3 Earnings Insights

Benzinga Insights
·1 min read

Shares of NeoPhotonics (NYSE:NPTN) decreased 4.04% in after-market trading after the company reported Q3 results.

Quarterly Results

Earnings per share increased 0.00% over the past year to $0.11, which were in line with the estimate of $0.11.

Revenue of $102,398,000 up by 10.83% from the same period last year, which beat the estimate of $101,670,000.

Looking Ahead

Q4 EPS expected between ($0.23) and ($0.13).

Q4 revenue expected between $64,000,000 and $70,000,000.

Conference Call Details

Date: Nov 02, 2020

View more earnings on NPTN

Time: 04:30 PM

ET Webcast URL: https://edge.media-server.com/mmc/p/nxx8htan

Price Action

Company's 52-week high was at $10.34

Company's 52-week low was at $4.65

Price action over last quarter: down 23.48%

Company Description

NeoPhotonics Corp develops, manufactures, and sells products that transmit, receive, and switch high speed digital optical signals for communications networks. NeoPhotonics' products are offered under segments High Speed Products and Network Products and Solutions. Traditionally, products from the High Speed Products segment have been used at high data rates for telecom, datacenter, or content provider networks and applications. Alongside these products, the company offers products for lower data rates in addition to passive optical products that do not have a specific data rate. Products manufactured and developed by NeoPhotonics include transmitter products, receiver products, and switch products. The company sells its slate of products globally.

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