NeoPhotonics (NPTN) Tops Q1 EPS by 16c; Shares Surge

NeoPhotonics (NYSE: NPTN) is surging after-hours (+26%) after the company reported Q1 EPS of $0.13, $0.16 better than the analyst estimate of ($0.03). Revenue for the quarter came in at $81.4 million versus the consensus estimate of $77.6 million.

“We are very pleased with our first quarter results that clearly demonstrate our leadership in 100G product solutions and strong execution toward our goal of delivering sustained profitability,” said Tim Jenks, NeoPhotonics Chairman and CEO. “We’ve delivered a third consecutive quarter of non-GAAP profitability and we’re particularly excited about the strengthening of our market position within the 100G market with our acquisition in January of the tunable laser products of EMCORE, which has enhanced our position as the market share leader for both 100G coherent receivers and 100G narrow line-width tunable lasers,” continued Mr. Jenks.

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

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