Rubicon Technology Inc. (RBCN) reported a third-quarter net loss of $2.06 million or $0.10 per share compared to profit of $1.62 million or $0.07 per share last year. On average, 8 analysts polled by Thomson Reuters expected the company to report a loss of $0.10 per share for the quarter. Analysts' estimates typically exclude special items.
Revenues decreased to $5.74 million from $11.76 million last year. Analysts expected revenue of $5.14 million for the quarter.
The company estimates fourth-quarter revenue to improve to approximately $7.0 million. The company expects a reduction in loss per share to approximately $0.05.
The company also provided information on their expansion plans, which includes adding an additional crystal growth facility in the U.S. and building a low cost post crystal growth processing facility in Asia. The company said it is currently working to finalize its plans, but it would be expected that both new facilities would be open within twelve months and be fully operational, meaning all equipment installed and operational, within 24 months.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.