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NeoPhotonics Corp Issues Q2 2013 Guidance Below Analysts' Estimates

Thursday, 9 May 2013 04:01pm EDT 

NeoPhotonics Corp announced that for second quarter of 2013, it expects revenue in the range of $70 million to $75 million, diluted loss per share from continuing operations in the range of $0.16 to $0.27 and on a Non-GAAP basis in the range of a loss of $0.08 to $0.18 per share. The Non-GAAP outlook for the second quarter of 2013 excludes the expected amortization of intangibles and other assets, including relating to the acquisition of LAPIS OCU, of approximately $1.4 million, and the anticipated impact of stock-based compensation of approximately $1.1 million, of which $1.1 million is estimated to relate to cost of goods sold. According to I/B/E/S Estimates, analysts are expecting the Company to report revenue of $78 million and EPS of $(0.13) for second quarter of 2013. 

Company Quote

-0.11 -3.36%
12:50pm EDT