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Emcore: Fiscal Q2 Earnings Snapshot
May 5, 2021
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ALHAMBRA, Calif. (AP) Emcore Corp. (EMKR) on Wednesday reported fiscal second-quarter net income of $4.4 million, after reporting a loss in the same period a year earlier.
On a per-share basis, the Alhambra, California-based company said it had net income of 13 cents. Earnings, adjusted for stock option expense and non-recurring costs, came to 17 cents per share.
The maker of components for communications gear and solar panels posted revenue of $38.4 million in the period.
For the current quarter ending in July, Emcore said it expects revenue in the range of $40 million to $42 million.
Emcore shares have increased 12% since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $6.11, more than doubling in the last 12 months.