Acacia Communications (ACIA) Tops Q2 EPS by 8c

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Go back to Acacia Communications (ACIA) Tops Q2 EPS by 8c

Acacia Communications Reports Second Quarter 2017 Results

August 3, 2017 4:10 PM EDT

MAYNARD, Mass., Aug. 03, 2017 (GLOBE NEWSWIRE) -- Acacia Communications, Inc. (NASDAQ: ACIA), a leading provider of high-speed coherent optical interconnect products, today reported financial results for its second quarter ended June 30, 2017.

As we previously announced, our second quarter results were adversely affected by the quality issue identified at one of our three contract manufacturers, said Raj Shanmugaraj, President and Chief Executive Officer of Acacia Communications. Looking forward, we are seeing improving order rates in the third quarter from some of our key customers, including our largest customer in China, and customers... More