Recap: EMCORE Q1 Earnings

EMCORE EMKR reported its Q1 earnings results on Thursday, February 8, 2024 at 04:01 PM.

Here's what investors need to know about the announcement.

Earnings

EMCORE missed estimated earnings by 50.0%, reporting an EPS of $-0.03 versus an estimate of $-0.02.

Revenue was down $830 thousand from the same period last year.

Past Earnings Performance

Last quarter the company beat on EPS by $0.05 which was followed by a 20.17% drop in the share price the next day.

Here's a look at EMCORE's past performance:

Quarter Q4 2023 Q3 2023 Q2 2023 Q1 2023
EPS Estimate -0.08 -0.13 -0.17 -0.21
EPS Actual -0.03 -0.13 -0.18 -0.22
Revenue Estimate 26.27M 26.02M 27.58M 26.00M
Revenue Actual 26.77M 26.70M 26.82M 24.95M

To track all earnings releases for EMCORE visit their earnings calendar here.

This article was generated by Benzinga's automated content engine and reviewed by an editor.

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