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Why Kopin Stock Fell Today

TheMotleyFool

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Shares of Kopin (NASDAQ: KOPN) were tumbling this morning after the company reported second-quarter results that failed to meet analysts' consensus estimates.

The tech stock fell by as much as 17.9% today and was down by 15.8% as of 11:24 a.m. EDT.

Kopin's revenue increased 12% from the year-ago quarter to $9.9 million, but that fell short of Wall Street's consensus estimate of $11.6 million for the quarter. Additionally, the company's adjusted net loss per share of $0.04 was worse than analysts' consensus estimate of a loss of $0.02 per share.

Source Fool.com

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