NeoPhotonics: 4Q Earnings Snapshot

·1 min read

SAN JOSE, Calif. (AP) _ NeoPhotonics Corp. (NPTN) on Thursday reported a fourth-quarter loss of $11.5 million, after reporting a profit in the same period a year earlier.

The San Jose, California-based company said it had a loss of 23 cents per share. Losses, adjusted for one-time gains and costs, were 14 cents per share.

The results beat Wall Street expectations. The average estimate of seven analysts surveyed by Zacks Investment Research was for a loss of 17 cents per share.

The maker of components for communications networks posted revenue of $68.2 million in the period, which also topped Street forecasts. Five analysts surveyed by Zacks expected $67.3 million.

For the year, the company reported that its loss narrowed to $4.4 million, or 9 cents per share. Revenue was reported as $371.2 million.

For the current quarter ending in April, NeoPhotonics expects its results to range from a loss of 20 cents per share to a loss of 10 cents per share.

NeoPhotonics shares have increased 28% since the beginning of the year. In the final minutes of trading on Thursday, shares hit $11.64, a climb of 84% 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