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

POET Technologies (NASDAQ:POET) announced its quarterly earnings results 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 during the quarter, compared to the consensus estimate of $0.05 million.

POET Technologies Stock Up 6.1 %

Shares of NASDAQ POET traded up $0.23 during trading on Wednesday, reaching $3.90. 190,276 shares of the stock were exchanged, compared to its average volume of 1,601,993. POET Technologies has a twelve month low of $1.00 and a twelve month high of $7.79. The company has a market capitalization of $304.10 million, a price-to-earnings ratio of -6.60 and a beta of 0.60. The business’s 50-day moving average price is $4.32 and its 200 day moving average price is $4.47.

About POET Technologies

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.