Emcore: Fiscal Q1 Earnings Snapshot

Published February 8, 2023 1:20 PM

ALHAMBRA, Calif. (AP) — ALHAMBRA, Calif. (AP) — Emcore Corp. (EMKR) on Wednesday reported a fiscal first-quarter loss of $11.6 million, after reporting a profit in the same period a year earlier.

The Alhambra, California-based company said it had a loss of 31 cents per share. Losses, adjusted for stock option expense and non-recurring costs, were 22 cents per share.

The maker of components for communications gear and solar panels posted revenue of $25 million in the period.

For the current quarter ending in March, Emcore said it expects revenue in the range of $27 million to $29 million.

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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

Article Topic Follows: AP National Business

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