NEW YORK (TheStreet) -- NeoPhotonics (NPTN) shares are up 0.9% to $4.40 following the release of its first quarter earnings results after the bell on Tuesday, reporting earnings and revenue in line with Wall Street expectations.
The photonic integrated circuit manufacturer reported an adjust net loss of 30 cents per share, 13 cents worst than it reported a year ago, but in-line with analysts estimates.
The company reported revenue of $68.2 million, up $12.1 million from the previous year and slightly ahead of the $68 million that was expected.
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TheStreet Ratings team rates NEOPHOTONICS CORP as a Sell with a ratings score of D+. TheStreet Ratings Team has this to say about their recommendation:
"We rate NEOPHOTONICS CORP (NPTN) a SELL. This is driven by a number of negative factors, which we believe should have a greater impact than any strengths, and could make it more difficult for investors to achieve positive results compared to most of the stocks we cover. The company's weaknesses can be seen in multiple areas, such as its deteriorating net income, disappointing return on equity, poor profit margins, generally disappointing historical performance in the stock itself and feeble growth in its earnings per share."