Benzinga | Nov 30, 2020 04:07PM EST

EMCORE: Q4 Earnings Insights

Shares of EMCORE (NASDAQ:EMKR) fell 8.17% after the company reported Q4 results.

Quarterly Results

Earnings per share increased 137.04% over the past year to $0.10, which beat the estimate of $0.04.

Revenue of $33,530,000 rose by 37.98% from the same period last year, which beat the estimate of $33,500,000.

Outlook

Earnings guidance hasn't been issued by the company for now.

Revenue guidance hasn't been issued by the company for now.

Technicals

Company's 52-week high was at $4.46

52-week low: $1.46

Price action over last quarter: Up 22.90%

Company Description

EMCORE Corp is a player in the semiconductor industry. The firm provides advanced Mixed-Signal Optics products that enable communications systems and service providers increased bandwidth and connectivity. It serves various industries namely civil aerospace, defense, transportation, satellite antenna remoting, energy, and infrastructure among others. Geographically, the company generates a majority of its revenue from the United States.