Stock Analysis
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- NasdaqCM:EMKR
EMCORE Second Quarter 2024 Earnings: EPS Beats Expectations, Revenues Lag
EMCORE (NASDAQ:EMKR) Second Quarter 2024 Results
Key Financial Results
- Revenue: US$19.6m (down 27% from 2Q 2023).
- Net loss: US$7.78m (loss narrowed by 36% from 2Q 2023).
- US$0.087 loss per share (improved from US$2.70 loss in 2Q 2023).
All figures shown in the chart above are for the trailing 12 month (TTM) period
EMCORE EPS Beats Expectations, Revenues Fall Short
Revenue missed analyst estimates by 18%. Earnings per share (EPS) exceeded analyst estimates by 78%.
Looking ahead, revenue is expected to decline by 8.1% p.a. on average during the next 2 years, while revenues in the Communications industry in the US are expected to grow by 5.2%.
Performance of the American Communications industry.
The company's shares are down 63% from a week ago.
Risk Analysis
It is worth noting though that we have found 6 warning signs for EMCORE (2 are a bit unpleasant!) that you need to take into consideration.
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About NasdaqCM:EMKR
EMCORE
Designs and manufactures fiber optic gyro, ring laser gyro, and micro electromechanical system-based inertial sensors and systems in the United States and internationally.
Adequate balance sheet and fair value.