logo
Share SHARE
FONT-SIZE Plus   Neg

Rubicon Technology Slips Into Loss For Q4 As Expenses Rise

Rubicon Technology Inc. (RBCN) 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

Quick Facts

Editors Pick
Bank of Nova Scotia or otherwise known as Scotiabank, Friday reported lower net profit for the third quarter, in the absence of a year-ago gain. Earnings per share, however, came in line with the Street view. Further, the company said it raised its quarterly dividend by 2 cents. Non-traditional discount and variety stores operator Big Lots Inc. (BIG) Friday reported a decline in net profit for the second quarter, while net sales grew 1.2 percent from the prior year. Comparable sales for the quarter increased 2.8 percent. Google has rejected the European Union's charges that it abused its market power and the demanded that it change the way it ranks online comparison shopping services in its search results, setting up a potentially long legal battle with the EU regulator empowered to levy billions of euros in fines
comments powered by Disqus
RELATED NEWS
Trade RBCN now with 
Follow RTT