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
Media conglomerate Viacom, Inc. on Tuesday reported a 10 percent decline in profit for the first quarter from last year, reflecting lower revenues in the Filmed Entertainment and Media Networks segments. However, adjusted earnings per share for the quarter matched analysts' expectations, while revenues missed their estimates. Google chief Sundar Pichai is poised to become the highest-paid chief executive in the U.S. after parent company Alphabet awarded him $199 million in shares. Alphabet Inc. (GOOGL, GOOG) disclosed in a regulatory filing with the U. S. Securities and Exchange Commission that it awarded 273,328 shares worth $199 million to Pichai on February 3rd. Transmission utility ITC Holdings Corp. announced Tuesday that it has entered into an agreement and plan of merger to be acquired by Canadian electric and gas utility company Fortis Inc. in a deal valued at approximately $11.3 billion. ITC shareholders will receive $22.57 in cash and 0.7520 Fortis shares per ITC share.
comments powered by Disqus
RELATED NEWS
Trade RBCN now with 
Follow RTT