Alliance Fiber Optic Products (AFOP) Misses Q4 EPS by 19c
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AFOP Reports Annual Sales and Operating Profits for 2015 With Sequential Growth Guidance
February 18, 2016 4:05 PM ESTSUNNYVALE, Calif., Feb. 18, 2016 (GLOBE NEWSWIRE) -- Alliance Fiber Optic Products, Inc. (Nasdaq: AFOP), an innovative supplier of fiber optic components, subsystems and integrated modules for the optical network equipment market, today reported its financial results for the fourth quarter and year ended December 31, 2015.
Revenues for the fourth quarter of 2015 totaled $16,421,000, a 9% decrease from revenues of $18,060,000 reported in the previous quarter and a 13% decrease from revenues of $18,809,000 reported in the fourth quarter of 2014. The Company recorded net income for the fourth quarter of 2015 of $787,000, or $0.05 per share, compared to $3,653,000, or... More
