United States

NeoPhotonics reduces workforce, consolidates real estate facilities- SEC filing

Thursday, 5 Oct 2017 06:23am EDT 

Oct 5 (Reuters) - NeoPhotonics Corp : :NeoPhotonics Corp says on September 29, 2017, management of company implemented certain restructuring actions - SEC filing.NeoPhotonics Corp - restructuring actions are expected to be completed by end of q4 of 2017.NeoPhotonics Corp - under restructuring actions, co estimates it will incur aggregate restructuring charges of approximately $4.6 million in Q3 of 2017.NeoPhotonics - ‍restructuring actions include reduction in force, consolidation of certain real estate facilities.NeoPhotonics Corp - revenue is expected to be in range of $69 to $71 million for Q3 of 2017.NeoPhotonics Corp - in the quarter "co's workforce reduction costs may be greater than anticipated".NeoPhotonics Corp - GAAP loss per share of $0.50 to $0.40 is expected for Q3 of 2017.NeoPhotonics - excluding restructuring charges, other regularly excluded items, co sees non-gaap loss per share in range of $0.35 to $0.27 for q3 2017.NeoPhotonics - in quarter, workforce reduction&future workforce&expense reductions may have adverse impact on co's development activities & operations.Q3 earnings per share view $-0.12, revenue view $73.5 million -- Thomson Reuters I/B/E/S.