NeoPhotonics (NPTN) Tops Q3 EPS by 6c, Revenues Miss; Offers Q4 EPS Outlook

NeoPhotonics (NYSE: NPTN) reported Q3 EPS of ($0.05), $0.06 better than the analyst estimate of ($0.11). Revenue for the quarter came in at $81.7 million versus the consensus estimate of $82.44 million.

“With continued strength in demand in the third quarter, combined with increasing volume growth across various product lines, we achieved gross margin expansion of nearly 400bps,” said Tim Jenks, NeoPhotonics Chairman and CEO. “With the returning demand for our core products and our successes thus far with multiple customers for our highest speed products, including 600G, we are enthusiastic about the opportunities we see in 2019 and beyond.”

GUIDANCE:

NeoPhotonics sees Q4 2018 EPS of ($0.08)-$0.02, versus the consensus of ($0.03).

For earnings history and earnings-related data on NeoPhotonics (NPTN) click here.

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