Investors are Digesting These Tech Stock Earnings Insights
Newport Corp. (NASDAQ:NEWP) delivered a profit and beat Wall Street’s expectations, BUT came up short on beating the revenue expectation. Adjusted Earnings Per Share increased 117.65% to $0.37 in the quarter versus EPS of $0.17 in the year-earlier quarter. Revenue decreased 12% to $141.6 million from the year-earlier quarter.
Newport Corp. reported adjusted EPS income of $0.37 per share. By that measure, the company beat the mean analyst estimate of $0.2. It missed the average revenue estimate of $141.61 million.