logo
Plus   Neg
Share
Email

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 RTTNews Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

Quick Facts

Editors Pick
The Boeing Company (BA) reported that its first-quarter core earnings per share increased to $3.64 from $2.17, prior year, reflecting strong performance across the company. Core operating earnings improved 35% year-over-year to $2.51 billion from $1.86 billion, previous year. GAAP earnings from operations increased 30% to $2.88 billion. Net earnings improved 57% year-over-year to $2.48 billion. Earnings per share was $4.15 compared to $2.54. Operating cash flow was $3.1 billion for the quarter. Micro-blogging site Twitter Inc. on Wednesday reported a turnaround to profit in the first quarter on strong double-digit revenue growth. This is the company's second quarterly profit. Both revenue and adjusted earnings per share beat analysts' estimates. Twitter's average monthly active users or MAU figure rose 3 percent year-over-year and also increased from the preceding quarter. Shares of Credit Suisse Group AG were gaining around 4 percent in Swiss trading after the banking giant reported Wednesday higher profit in its first quarter, despite lower net interest income. The company said it had planned 2018 to be a year of acceleration in its performance in its 12-quarter restructuring program.
Follow RTT