POET Technologies (NASDAQ:POET) Announces Quarterly Earnings Results

POET Technologies (NASDAQ:POET - Get Free Report) released its quarterly earnings data on Monday, March 31st. The company reported ($0.37) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.09) by ($0.28), Zacks reports. The business had revenue of $0.03 million for the quarter, compared to the consensus estimate of $0.05 million.

POET Technologies Trading Down 6.7 %

Shares of POET traded down $0.24 during midday trading on Monday, reaching $3.36. 1,187,801 shares of the stock were exchanged, compared to its average volume of 1,625,200. The company's 50 day moving average is $4.24 and its two-hundred day moving average is $4.49. The company has a market capitalization of $262.18 million, a P/E ratio of -5.65 and a beta of 0.48. POET Technologies has a 52 week low of $1.00 and a 52 week 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.