Adesto Technologies Corporation (IOTS) Misses Q3 EPS by 1c

Adesto Technologies Corporation (NASDAQ: IOTS) reported Q3 EPS of ($0.19), $0.01 worse than the analyst estimate of ($0.18). Revenue for the quarter came in at $11.2 million versus the consensus estimate of $11.03 million.

For the fourth quarter of 2016, the Company expects revenue to grow to a range between $12.0 million and $12.4 million. GAAP gross margin is expected to be between 46% and 48%. GAAP operating expenses are expected to range between $8.3 million and $8.6 million and non–GAAP operating expenses between $7.2 million and $7.5 million.

For earnings history and earnings-related data on Adesto Technologies Corporation (IOTS) click here.

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