Emcore (EMKR) Prelim. Q2 Revenue Tops Previous Guidance Range

EMCORE Corporation (Nasdaq: EMKR), a leading provider of advanced mixed-signal products that serve the aerospace & defense and broadband communications markets, announced preliminary financial results for its second fiscal quarter ended March 31, 2021.

EMCORE expects its revenue for the quarter to be approximately $38.4 million compared to its previous revenue guidance range of $34 million to $36 million.

Jeff Rittichier, EMCORE’s President and CEO commented, “Our Broadband business achieved better-than-forecasted shipments due to improved CATV production output across multiple facilities during the quarter. MSOs continue to invest in their networks to break bottlenecks caused by the bandwidth demands of businesses and their need for remote operations.”

These preliminary and unaudited results are based on the most current information available to management following its initial review of operations for the quarter ended March 31, 2021 and remain subject to completion of EMCORE’s customary closing procedures, including external auditor review. EMCORE expects to provide final financial results for its second fiscal quarter during the week of May 3, 2021.

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