EMCORE shares are trading lower after the company reported Q4 financial results and issued Q1 revenue guidance below estimates.
Portfolio Pulse from Benzinga Newsdesk
EMCORE Corporation's stock is trading lower following the release of their Q4 financial results and Q1 revenue guidance, which fell short of analyst expectations.
December 13, 2023 | 7:45 pm
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EMCORE Corporation reported lower than expected Q4 financial results and provided Q1 revenue guidance that did not meet analyst estimates, causing the stock to trade lower.
The negative reaction in EMCORE's stock price is likely due to the company's financial performance and outlook not meeting market expectations. Poor earnings results and weak guidance are typically seen as bearish indicators for a stock's short-term price movement.
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