SAN JOSE, Calif. (AP) _ NeoPhotonics Corp. (NPTN) on Monday reported a loss of $18.2 million in its third quarter.
On a per-share basis, the San Jose, California-based company said it had a loss of 42 cents. Losses, adjusted for one-time gains and costs, came to 25 cents per share.
The results topped Wall Street expectations. The average estimate of seven analysts surveyed by Zacks Investment Research was for a loss of 28 cents per share.
The maker of components for communications networks posted revenue of $71.1 million in the period, also exceeding Street forecasts. Three analysts surveyed by Zacks expected $70.3 million.
For the current quarter ending in December, NeoPhotonics expects its results to range from a loss of 23 cents per share to a loss of 13 cents per share.
The company said it expects revenue in the range of $69 million to $74 million for the fiscal fourth quarter.
In the final minutes of trading on Monday, the company's shares hit $4.75. A year ago, they were trading at $11.23.