NeoPhotonics Reports First Quarter 2020 Financial Results
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NeoPhotonics (NPTN) Tops Q1 EPS by 12c, Revenues Beat; 2Q Revenue Outlook Above Consensus, 2Q EPS Mid-Point Guidance Above Consensus
April 30, 2020 5:21 PM EDTNeoPhotonics (NYSE: NPTN) reported Q1 EPS of $0.17, $0.12 better than the analyst estimate of $0.05. Revenue for the quarter came in at $97.4 million versus the consensus estimate of $86.5 million.
First Quarter Summary
Revenue was $97.4 million, down 6% quarter-over-quarter and up 23% year-over-yearGross margin was 30.5%, up from 30.2% in the prior quarter and from 19.8% in the prior yearNon-GAAP Gross margin was 31.2%, up from 30.9% in the prior quarter and up from 22.4% in the prior yearDiluted net income per... More