Kopin (KOPN) Posts Earnings Results, Misses Estimates By $0.02 EPS

Kopin (NASDAQ:KOPN) released its quarterly earnings data on Thursday. The company reported ($0.13) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.11) by ($0.02), MarketWatch Earnings reports. The company had revenue of $5.13 million for the quarter. Kopin had a negative return on equity of 35.12% and a negative net margin of 86.62%. During the same quarter in the previous year, the business earned ($0.11) earnings per share. Kopin updated its FY 2018 guidance to EPS.

NASDAQ KOPN traded down $0.10 during trading hours on Friday, hitting $1.85. The company’s stock had a trading volume of 296,497 shares, compared to its average volume of 181,765. Kopin has a 52 week low of $1.84 and a 52 week high of $3.95.

Separately, National Securities assumed coverage on shares of Kopin in a research report on Tuesday, October 2nd. They issued a “buy” rating and a $3.00 price target on the stock.

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Schwab Charles Investment Management Inc. lifted its position in Kopin by 20.1% in the 1st quarter. Schwab Charles Investment Management Inc. now owns 137,600 shares of the company’s stock valued at $430,000 after acquiring an additional 23,000 shares in the last quarter. Cowen Prime Services LLC lifted its position in Kopin by 10.5% in the 2nd quarter. Cowen Prime Services LLC now owns 260,818 shares of the company’s stock valued at $746,000 after acquiring an additional 24,818 shares in the last quarter. A.R.T. Advisors LLC bought a new position in Kopin in the 1st quarter valued at about $137,000. JPMorgan Chase & Co. lifted its position in Kopin by 457.7% in the 1st quarter. JPMorgan Chase & Co. now owns 74,092 shares of the company’s stock valued at $231,000 after acquiring an additional 60,807 shares in the last quarter. Finally, Northern Trust Corp lifted its position in Kopin by 9.2% in the 2nd quarter. Northern Trust Corp now owns 809,625 shares of the company’s stock valued at $2,315,000 after acquiring an additional 68,060 shares in the last quarter. 46.99% of the stock is currently owned by institutional investors and hedge funds.

TRADEMARK VIOLATION NOTICE: This report was first reported by American Banking News and is owned by of American Banking News. If you are reading this report on another site, it was copied illegally and reposted in violation of United States & international trademark & copyright laws. The correct version of this report can be viewed at https://www.americanbankingnews.com/2018/11/10/kopin-kopn-posts-earnings-results-misses-estimates-by-0-02-eps.html.

Kopin Company Profile

Kopin Corporation invents, develops, manufactures, and sells technologies, components, and systems in the United States, the Asia-Pacific, and Europe. The company's Kopin Wearable technology includes component technologies, which can be integrated to create headset systems. It provides components, including miniature liquid crystal displays, liquid crystal on silicon displays/ spatial light modulators, organic light emitting diode displays, application specific integrated circuits, backlights, optical lenses, and audio integrated circuits.

Recommended Story: The Discount Rate – What You Need to Know

Earnings History for Kopin (NASDAQ:KOPN)

Receive News & Ratings for Kopin Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Kopin and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply