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Why NeoPhotonics Stock Jumped Today

TheMotleyFool

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Shares of NeoPhotonics (NYSE: NPTN) popped after the company reported its second-quarter 2021 results, which beat analysts' consensus revenue and earnings estimates.

The tech stock gained as much as 16.5% today and was up by 7.4% as of 2:55 p.m. EDT.

NeoPhotonics' second-quarter revenue increased 37% year over year to $65 million. That figure easily topped Wall Street's consensus estimate of $62.3 million. Additionally, its adjusted net loss of $0.22 per share just barely beat analysts' consensus estimate of a loss of $0.23 per share.

Source Fool.com

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