Why NeoPhotonics Stock Jumped Today

Why NeoPhotonics Stock Jumped Today
·1 min read

Shares of NeoPhotonics (NYSE: NPTN) popped after the company reported its second-quarter 2021 results, which beat analysts' consensus revenue and earnings estimates. NeoPhotonics' second-quarter revenue increased 37% year over year to $65 million. Additionally, its adjusted net loss of $0.22 per share just barely beat analysts' consensus estimate of a loss of $0.23 per share.

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