Communications and solar chip vendor EMCORE (EMKR) falls 32.4% after reporting FQ3 revenue of...

|About: EMCORE Corporation (EMKR)|By:, SA News Editor

Communications and solar chip vendor EMCORE (EMKR) falls 32.4% after reporting FQ3 revenue of $49.5M (+6% Y/Y) and EPS of -$0.12, below a consensus of $49.8M and -$0.04. Gross margin fell 3.3% Q/Q to 22.4%, but order backlog grew 31% Q/Q. The company expects FQ4 revenue of $51M-$55M, in-line with a $53.7M consensus.