Solar Stock Trading Alert: EMCORE (NASDAQ:EMKR) Gains over 12%
Category: Investment, Renewable Energy
News about EMCORE Corporation
Point Roberts, WA - February 6, 2013 Investorideas.com staff: (Investorideas.com renewable energy newswire) Investorideas.com, an investor research portal specializing in sector research for independent investors issues a trading alert for solar stock EMCORE Corporation (NasdaqGM :EMKR), trading up at $6.52, gaining 0.71 or 12.22% as of 11:22AM EST on over 400,000 shares.
Yesterday the company reported its financial results for its fiscal first quarter ended December 31, 2012.
Consolidated revenue for the first quarter ended December 31, 2012 was $49.3 million, which represents a 31.7% increase compared to the prior year and 3.8% increase from the immediate preceding quarter. On a segment basis, revenue for our Fiber Optics segment was $29.7 million, which represents a 62.1% increase compared to the prior year and 1.4% decrease compared to the immediate preceding quarter. Revenue for the Photovoltaics segment was $19.6 million, which represents a 2.5% increase compared to the prior year and 12.8% increase compared to the immediate preceding quarter.
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BC Residents and Investor Disclaimer: Effective September 15 2008 - all BC investors should review all OTC and Pink sheet listed companies for adherence in new disclosure filings and filing appropriate documents with Sedar. Read for more info: http://www.bcsc.bc.ca/release.aspx?id=6894. Global investors must adhere to regulations of each country.