NeoPhotonics Reports Fourth Quarter and Fiscal Year 2017 Financial Results
NeoPhotonics Corporation (NPTN)
Last neophotonics corporation earnings: 4/30 04:05 pm
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ir.neophotonics.com
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Source: Business Wire
Revenue of $76.9 million for the quarter, up 8% sequentially High Speed Products represented 84% of total revenue for the quarter SAN JOSE, Calif.--(BUSINESS WIRE)-- NeoPhotonics Corporation (NYSE: NPTN), a leading designer and manufacturer of optoelectronic solutions for the highest speed communications networks in telecom and data center applications, today announced financial results for its fourth quarter and fiscal year ended December 31, 2017. “In the fourth quarter, NeoPhotonics delivered solid revenue of $76.9 million, representing 8% growth over the prior quarter, while continuing to focus on reducing inventory and operating expenses. Driving this growth was a combination of increasing demand from our Chinese customers, where we believe customer inventory levels have normalized for our products, and stable demand in the other regions we serve,” said Tim
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