Emcore (EMKR) Tops Q3 EPS by 7c

Emcore (NASDAQ: EMKR) reported Q3 EPS of $0.08, $0.07 better than the analyst estimate of $0.01. Revenue for the quarter came in at $21.2 million versus the consensus estimate of $19.91 million.

Emcore sees Q4 2015 revenue of $22-24 million.

"This quarter's performance marks three important financial milestones for EMCORE; a return to GAAP profitability from continuing operations, stronger non-GAAP net income and generation of positive cash flows from operations," said Jeffrey Rittichier, EMCORE's President and Chief Executive Officer. "In addition to top line growth across our major product lines, we are also beginning to realize the benefits of improved performance in operations from our lean manufacturing initiatives. We see our third quarter's performance as a significant step forward for our shareholders."

For earnings history and earnings-related data on Emcore (EMKR) click here.

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