Emcore Corp: Soars as it expects Q4 rev to exceed estimates

EMCORE

19/10/2020 21:20

** Shares of mixed-signal products maker  EMKR.O  soar 22.7%
to $4.06 after the bell
    ** Co reports prelim Q4 rev of $33.5 mln compared to its
previous forecast of $29 mln-$31 mln
    ** Analysts on average expects rev of $30 mln - Refinitiv
data
    ** Sees robust order book for cable TV products extending
through the March 2021 quarter - CEO Jeff Rittichier
    ** EMKR to report Q4 results during the week of Nov. 30
    ** Up to Monday's close, stock had risen ~9% YTD

 (Reporting by C Nivedita in Bengaluru)
 ((c.nivedita@thomsonreuters.com))