DALLAS, June 29, 2011 (GLOBE NEWSWIRE) -- MicroStockProfit.com announces a stock report featuring EMCORE Corp. (Nasdaq:EMKR). The report briefly notes the company's most recent developments and news, and outlines its financial position, market performance, and comparison against industry peers.
The full report is available at: www.microstockprofit.com/lp/EMKR
EMCORE Corp. (EMKR) offers a broad portfolio of compound semiconductor-based products for the broadband, fiber optics, space and solar power markets. The Company's Fiber Optics segment offers optical components, subsystems, and systems that enable the transmission of video, voice, and data over high-capacity fiber optic cables for high-speed data and telecommunications, cable television (CATV), and fiber-to-the-premises (FTTP) networks. EMKR's Solar Photovoltaics segment provides solar products for satellite and terrestrial applications.
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In the report, the analyst notes:
"EMKR saw its shares gain nearly 12% on high volume yesterday on no news released. The stock reached an intraday high of $2.62 before closing at $2.61. EMKR has been moving within a range of $0.71 – $3.25 over the past 52 weeks."
"EMKR reported a consolidated revenue of $47.2 million for the second quarter ended March 31, 2011, down 2% from the prior-year quarter and down 9% from the immediate preceding quarter. The Company reported a consolidated net loss $5.2 million for the quarter, which represents a $3.7 million increase in net loss when compared to the prior year, and a $1.6 million increase in net loss when compared to the immediate preceding quarter."
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