POET Technologies (NASDAQ:POET) Posts Earnings Results, Beats Estimates By $0.17 EPS

POET Technologies (NASDAQ:POET - Get Free Report) posted its quarterly earnings results on Wednesday. The company reported $0.08 earnings per share for the quarter, topping the consensus estimate of ($0.09) by $0.17, Zacks reports. The firm had revenue of $0.17 million for the quarter, compared to the consensus estimate of $0.56 million.

POET Technologies Price Performance

Shares of POET traded down $0.13 during trading hours on Wednesday, hitting $4.54. The company's stock had a trading volume of 1,038,332 shares, compared to its average volume of 1,305,414. The business has a 50 day simple moving average of $4.04 and a two-hundred day simple moving average of $4.49. POET Technologies has a 52-week low of $1.60 and a 52-week high of $7.79. The company has a market cap of $355.70 million, a price-to-earnings ratio of -7.69 and a beta of 0.19.

POET Technologies Company Profile

POET Technologies Inc designs, develops, manufactures, and sells discrete and integrated opto-electronic solutions in Canada, the United States, Singapore, and China. It offers integration solutions based on the POET Optical Interposer, a novel platform that allows the seamless integration of electronic and photonic devices into a single multi-chip module using advanced wafer-level semiconductor manufacturing techniques.

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