POET Technologies (NASDAQ:POET) Posts Earnings Results, Misses Expectations By $0.28 EPS

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

POET Technologies Price Performance

NASDAQ:POET traded up $0.22 on Wednesday, hitting $3.89. 155,912 shares of the company’s stock were exchanged, compared to its average volume of 1,601,777. The firm has a 50-day moving average price of $4.32 and a 200-day moving average price of $4.47. POET Technologies has a 52 week low of $1.00 and a 52 week high of $7.79. The company has a market cap of $303.32 million, a P/E ratio of -6.51 and a beta of 0.60.

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.