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Why NeoPhotonics Stock Tanked Today

TheMotleyFool

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Shares of NeoPhotonics (NYSE: NPTN) were tumbling this morning after the company reported its first-quarter results late yesterday.

The tech stock was down by 15.4% as of 11:36 a.m. EDT.

The company reported an adjusted diluted loss per share of $0.15, ahead of analysts' consensus estimate loss of $0.17 per share. NeoPhotonics' revenue of $60.9 million also outpaced Wall Street's expectation of $59.9 million for the quarter.

Source Fool.com

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