POET Technologies (NASDAQ:POET) Releases Earnings Results, Misses Estimates By $0.28 EPS

POET Technologies (NASDAQ:POET) posted its quarterly earnings data on Monday. The company reported ($0.37) EPS for the quarter, missing the consensus estimate of ($0.09) by ($0.28), Zacks reports. The business had revenue of $0.03 million for the quarter, compared to analysts’ expectations of $0.05 million.

POET Technologies Stock Up 6.9 %

Shares of POET traded up $0.25 during trading hours on Wednesday, reaching $3.92. 174,313 shares of the company traded hands, compared to its average volume of 1,601,830. POET Technologies has a 12 month low of $1.00 and a 12 month high of $7.79. The company has a market capitalization of $306.37 million, a price-to-earnings ratio of -6.57 and a beta of 0.60. The company’s fifty day moving average price is $4.32 and its two-hundred day moving average price is $4.47.

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.