EMCORE Corporation (NASDAQ:EMKR) is reporting fourth quarter financial results on Monday 30th November 2020, after market close.
According to analysts surveyed by Thomson Reuters, EMKR is expected to report 4Q20 income of $ 0.04 per share from revenue of $ 33.50 million.
For the full year, analysts anticipate top line of $ 110.10 million, while looking forward to loss of $ 0.18 per share bottom line.
The Company Outlook
Revenue for 4Q20 are expected in a range of $ 33.50 million ~ $ 33.50 million
Previous Quarter Performance
EMCORE Corporation unveiled loss for the third quarter of $ 0.03 per share, from the revenue of $ 27.27 million. Street analysts expected EMCORE Corporation to report loss of $ 0.09 per share on revenue of $ 26.03 million for the third quarter. The bottom line results beat street analysts by $ 0.06 or 66.67 percent, at the same time, top line results outshined analysts by $ 1.24 million or 4.76 percent.
Shares of EMCORE Corporation traded up $ 0.22 or 5.42 percent on Friday, reaching $ 4.28 with volume of 163.00 thousand shares. EMCORE Corporation has traded high as $ 4.35 and has cracked $ 4.05 on the downward trend
According to the previous trading day, closing price of $ 4.28, representing a 178.08 % increase from the 52 week low of $ 1.46 and a 8.97 % decrease over the 52 week high of $ 4.46.
The company has a market capital of $ 125.87 million and is part of the Technology sector and Semiconductors industry.
EMCORE Corporation, together with its subsidiaries, provides advanced mixed-signal optics products in California. It offers broadband products comprising cable television; laser, receiver, and photodetector component products; radio frequency over glass FTTP products; satellite/microwave communications products; and wireless communications products. The company also provides chip devices products, including high-power gain chips, GPON fiber-to-the-premises, and data center chip products; and navigation systems products, such as fiber optic gyroscope products and inertial measurement units and navigation systems products.