Rubicon Technology (RBCN) Misses Q4 EPS by 8c

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Go back to Rubicon Technology (RBCN) Misses Q4 EPS by 8c

Rubicon Technology, Inc. Reports Fourth Quarter 2015 Results of Operations

February 24, 2016 4:01 PM EST

BENSENVILLE, Ill.--(BUSINESS WIRE)-- Rubicon Technology, Inc. (NASDAQ: RBCN), a leading provider of sapphire substrates and products to the LED, optical and semiconductor industries, today reported financial results for its fourth quarter ended December 31, 2015.

The Company reported fourth quarter revenue of $2.5 million, lower than the prior quarter revenue of $5.3 million due to a temporary decline in wafer sales and weaker sapphire demand for two and four-inch core sold into the mobile device and LED markets. Wafer revenue declined from $2.1 million in the third quarter to $0.9 million in the fourth quarter, but... More