Rubicon Technology Inc. (RBCN) reported that its fourth-quarter net loss narrowed to $755 thousand or $0.04 per share from $1.790 million or $0.08 per share last year.
On average, 8 analysts polled by Thomson Reuters expected the company to report a loss of $0.05 per share for the quarter. Analysts' estimates typically exclude special items.
Revenue increased to $8.528 million from $4.042 million last year. Analysts expected revenue of $7.31 million for the quarter.
The company estimates revenue for the first quarter will be approximately $10.5 million. The company expects earnings per share of approximately $0.03, based on a projected diluted share count of 21.5 million share.
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