NeoPhotonics Q1 Loss Widens

(RTTNews) - NeoPhotonics Corp. (NPTN) Tuesday said first-quarter net loss widened to $12.6 million from $12.2 million in the comparable quarter last year. Loss per share for the latest first quarter was $0.40, same as last year.

Adjusted net loss for the latest quarter was $9.5 million or $0.30 per share, wider than $5.3 million or $0.17 per share in the prior year period. On average, six analysts polled by Thomson Reuters expected the company to report a loss of $0.30 per share for the quarter. Analysts' estimates typically exclude special items.

Revenues totaled $68.17 million, up 22% from $56.06 million last year, while six analysts expected revenues of $68.05 million.

Looking ahead to the second quarter, the company has forecast GAAP loss in the range of $0.13 to $0.23 per share and non-GAAP loss in the range of $0.16 per share to $0.26 per share. The company continues to expect revenues in the range of $73 million to $78 million.

Analysts currently expect second-quarter loss of $0.19 per share on revenues of $75.36 million.