logo
Share SHARE
FONT-SIZE Plus   Neg

Rubicon Technology Slips Into Loss For Q4 As Expenses Rise

Rubicon Technology Inc. (RBCN: Quote) Thursday reported a fourth-quarter loss of $1.13 million or $0.05 per share, compared to earnings of $0.8 million or $0.04 per share in the same quarter last year.

Analysts polled by Thomson Reuters expected loss of $0.04 per share for the quarter. Analysts' estimates typically exclude special items.

Meanwhile, revenue for the quarter was $20.09 million, compared to $19.36 million last year. Analysts estimated revenues of $20.09 million.

Looking forward to the first quarter, Rubicon Technology expects a loss of $0.10 to $0.14 per share, and revenues to be about $8 million. Analysts currently estimate a loss of $0.02 per share on revenues of $20.25 million for the first quarter.

by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

Editors Pick
Toyota Motor Corp. (TM) Tuesday said its U.S. sales for February rose 13.3 percent, as the Japanese automaker attracted new customers helped by strong marketing and plunging oil prices. Toyota's U.S. sales in February increased 13.3 percent to 180,467 units from 159,284 units a year ago. Sales... United Airlines has announced it will not accept bulk shipments of rechargeable lithium batteries, citing safety concerns. United Airlines becomes the second major airline in the U.S. to stop accepting bulk shipment of lithium batteries, after Delta Air Lines made a similar announcement last month. Tests... An online documentary by a Chinese journalist providing insight into the alarming level of smog in her country has attracted millions of views and led to wide-ranging debates among netizens.
comments powered by Disqus
RELATED NEWS
Trade RBCN now with 
Follow RTT