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

POET Technologies (NASDAQ:POET) released its earnings results on Monday. The company reported ($0.37) earnings per share for the quarter, missing the consensus estimate of ($0.09) by ($0.28), Zacks reports. The company had revenue of $0.03 million for the quarter, compared to analyst estimates of $0.05 million.

POET Technologies Trading Up 5.9 %

Shares of POET Technologies stock traded up $0.22 during trading on Wednesday, hitting $3.89. 155,912 shares of the stock were exchanged, compared to its average volume of 1,601,777. The company has a fifty day moving average price of $4.32 and a 200-day moving average price of $4.47. The stock has a market capitalization of $303.32 million, a price-to-earnings ratio of -6.51 and a beta of 0.60. POET Technologies has a 1-year low of $1.00 and a 1-year high of $7.79.

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.