Emcore's stock plunges toward 10-year low after revenue warning, citing U.S.-China trade war [MarketWatch]
EMCORE Corporation (EMKR)
Last emcore corporation earnings: 2/5 04:15 pm
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US:NASDAQ Investor Relations:
investor.emcore.com/investor-relations
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Source: MarketWatch
Emcore's stock plunges toward 10-year low after revenue warning, citing U.S.-China trade war Shares of Emcore Corp. EMKR, -14.89% plunged 18% toward a more than 10-year low in premarket trading, after the optical networking company warned of a revenue shortfall, citing the negative effects of the U.S.-China trade war. The company said late Thursday that it now expects third-quarter revenue of $17.0 million to $17.5 million, below its previous guidance range of $20 million to $22 million. The FactSet revenue consensus was $21.4 million. "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," said CHief Executive Jeffrey Rittichier. The company also said capital spending by multiple-system operators within the cable TV market has remained soft, relative to expectations, while demand for its Satcom and inertial navigation products remained robust. The stock, wh
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EMKR
News
- EMCORE Co. (NASDAQ: EMKR) is now covered by analysts at StockNews.com. They set a "hold" rating on the stock.MarketBeat
- EMCORE Co. (NASDAQ: EMKR) is now covered by analysts at StockNews.com. They set a "hold" rating on the stock.MarketBeat
- EMCORE Co. (NASDAQ: EMKR) is now covered by analysts at StockNews.com. They set a "hold" rating on the stock.MarketBeat
- EMCORE Co. (NASDAQ: EMKR) is now covered by analysts at StockNews.com. They set a "hold" rating on the stock.MarketBeat
- EMCORE Co. (NASDAQ: EMKR) is now covered by analysts at StockNews.com. They set a "hold" rating on the stock.MarketBeat
EMKR
Earnings
- 2/8/24 - Beat
EMKR
Sec Filings
- 4/23/24 - Form 8-K
- 4/10/24 - Form 4/A
- 4/10/24 - Form 4/A
- EMKR's page on the SEC website