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Stock impact report

EMCORE Corporation Announces Preliminary Financial Results for the Third Fiscal Quarter Ended June 30, 2019

EMCORE Corp (EMKR)  More Company Research Source: GlobeNewswire
Last emcore corp earnings: 5/8 06:30 am Check Earnings Report
US:NASDAQ Investor Relations: investor.emcore.com/investor-relations
PDF ALHAMBRA, Calif., July 11, 2019 (GLOBE NEWSWIRE) -- EMCORE Corporation (NASDAQ: EMKR), a leading provider of advanced Mixed-Signal Optics products that provide the foundation for today's high-speed communications network infrastructures and leading-edge defense systems, today announced preliminary financial results for its third fiscal quarter ended June 30, 2019. EMCORE expects its revenues for the quarter to be approximately $17.0M to $17.5M compared to its previous revenue guidance for the quarter of a range of $20M to $22M. Jeffrey Rittichier, EMCORE's President and CEO commented, “Our chip product sales, and GPON in particular, experienced a significant decline in the third quarter, largely due to additional negative effects of the trade dispute with China. Within the cable TV market, overall MSO capital spend remained soft compared to expectations earlier in the quarter.” Rittichier went on to say, “Demand for our Satcom and inertial navigation products, including the recent [Read more]
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