Emcore (EMKR) Misses Q2 EPS by 1c

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Go back to Emcore (EMKR) Misses Q2 EPS by 1c

EMCORE Corporation Announces Financial Results for Second Quarter Ended March 31, 2015

May 6, 2015 4:02 PM EDT

Consolidated Q2 revenue of $19.1 million Non-GAAP Q2 income from continuing operations of $0.0 million and GAAP loss from continuing operations of $1.0 million Consolidated Q2 GAAP net income of $3.1 million after taking into effect income from discontinued operations of $4.0 million Telecommunications Fiber Optics business divestiture completed on January 2, 2015 Anticipate Q3 revenue of $19 to $21 million for the remaining Broadband Fiber Optics business Announced intentions to commence a modified "Dutch auction" tender offer to purchase up to approximately $45 million of shares of its common... More