Rubicon Technology (RBCN) Releases Earnings Results, Misses Expectations By $-0.12 EPS

Rubicon Technology (RBCN) reported quarterly earnings results on Tuesday, May-10-2016. The company reported $-0.38 earnings per share for the quarter, missing the analyst consensus estimate by $-0.12. Analysts had a consensus of $-0.26. The company posted revenue of $4.30 million in the period, compared to analysts expectations of $4.67 million. The company’s revenue was down -51.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $-0.32 EPS.

Rubicon Technology closed down -0.0449 points or -7.24% at $0.575 with 4,82,183 shares getting traded on Friday. Post opening the session at $0.62, the shares hit an intraday low of $0.51 and an intraday high of $0.62 and the price fluctuated in this range throughout the day.Shares ended Friday session in Red.

In a different news, on Jan 4, 2016, Michael E Mikolajczyk (director) purchased 80,000 shares at $1.20 per share price.

Rubicon Technology Inc. (Rubicon) is a vertically integrated electronic materials provider specializing in monocrystalline sapphire for applications in light-emitting diodes (LEDs) optical systems and specialty electronic devices. The Company’s product lines include sapphire cores which are of two to six inches in diameter; four and six-inch sapphire wafers that are used as substrates for the manufacture of LED chips and to a lesser extent for other semiconductor applications such as Silicon-on-Sapphire Radio Frequency Integrated Circuits; four six and eight-inch patterned sapphire wafers (PSS) which are polished wafers that undergo additional processes of photolithography and dry plasma etching to produce a patterned surface and optical sapphire components in various shapes and sizes including round and rectangular windows and blanks domes tubes and rods. It fabricates its products from the boules and sells them as core polished wafer and PSS wafers.

Rubicon Technology

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