
Emcore: Fiscal 4Q Earnings Snapshot
ALHAMBRA, Calif. (AP) _ Emcore Corp. (EMKR) on Wednesday reported a loss of $15 million in its fiscal fourth quarter.
On a per-share basis, the Alhambra, California-based company said it had a loss of 52 cents. Losses, adjusted for non-recurring costs and stock option expense, came to 27 cents per share.
The maker of components for communications gear and solar panels posted revenue of $24.3 million in the period.
For the year, the company reported that its loss widened to $36 million, or $1.29 per share. Revenue was reported as $87.3 million.
For the current quarter ending in January, Emcore said it expects revenue in the range of $25 million to $27 million.
In the final minutes of trading on Wednesday, the company's shares hit $3.17. A year ago, they were trading at $4.86.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on EMKR at https://www.zacks.com/ap/EMKR