Why NeoPhotonics Corp. Shares Jumped More Than 20% Higher Today [The Motley Fool]
NeoPhotonics Corporation (NPTN)
Last neophotonics corporation earnings: 4/30 04:05 pm
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Source: The Motley Fool
The optoelectronic modules maker presented a strong second-quarter report and an optimistic view from management of the struggling Chinese market. Anders Bylund ( TMFZahrim ) Aug 7, 2018 at 12:08PM What happened Shares of fiber-optic networking modules maker NeoPhotonics ( NYSE:NPTN ) surged as much as 23.8% higher on Tuesday morning, following the release of strong second-quarter results. By 11:40 a.m. EDT, the stock had cooled down slightly to a 19.7% gain. Image source: Getty Images. So what NeoPhotonics' second-quarter revenues rose 11% year over year, landing at $81.1 million. Your average analyst would have settled for $73.6 million. On the bottom line, adjusted net losses decreased from $0.15 to $0.14 per share. Here, the Street had been looking for a deeper $0.20 loss per share. Product shipments increased more than 30% over t
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