Why NeoPhotonics Stock Jumped Today

Shares of NeoPhotonics (NYSE: NPTN) have jumped today, up by 9% as of 12:40 p.m. EST, after the company reported fourth-quarter earnings. The results were largely in line with expectations.

Revenue in the fourth quarter increased 13% to $103.4 million, which translated into adjusted earnings per share of $0.10. Both top- and bottom-line figures were exactly on target with consensus estimates. Operating cash flow improved to $16 million while adjusted gross margin expanded to 30.9%.

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Source Fool.com