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NPTN - NeoPhotonics: Inventory Building May Be Playing A Role
NeoPhotonics Corporation
NeoPhotonics (NPTN) released its Q3 earnings report on October 31. The company easily beat estimates for both the top and bottom line. Not surprisingly, the stock jumped by over 20% in the aftermath of the release. But while the numbers were good, there is reason to temper expectations. There could be other factors at work that may have influenced the results. This issue will be dealt in detail next.
Q3 2019 earnings
Revenue rose by 13% to $92.4M in Q3. Net income did even better at $5.4M, a turnaround from the $2.1M net