Recap: EMCORE Q4 Earnings
Portfolio Pulse from Benzinga Insights
EMCORE Corporation (NASDAQ:EMKR) reported Q4 earnings with an EPS of $-0.03, surpassing the estimated $-0.08 by 62.5%. Revenue increased by $1.20 million compared to the same period last year. Despite missing EPS estimates last quarter, EMCORE's share price increased by 21.67% the following day. The company's past earnings performance shows a pattern of not meeting EPS estimates.
December 12, 2023 | 9:25 pm
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EMCORE reported better-than-expected Q4 earnings with an EPS of $-0.03, beating estimates by 62.5%, and revenue growth compared to last year.
Positive earnings surprises can lead to a short-term increase in stock price as it did last quarter for EMCORE. The significant beat on earnings estimates and year-over-year revenue growth are likely to be viewed favorably by investors, potentially leading to a rise in the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100