Kopin Posts Narrower-Than-Expected Loss
Kopin Corp.
(KOPN) - Get Kopin Corporation Report
beat analyst expectations, posting a fourth-quarter loss of $7.1 million, or 10 cents a share, compared with a profit of $3.4 million, or 5 cents a share, in the year-ago period. Analysts had been expecting a loss of 12 cents a share, according to Thomson Financial/First Call.
Sales for the quarter fell to $15.4 million from $24.6 million last year.
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The maker of flat panel displays and other technology products predicted overall single-digit sequential growth for the first quarter, as well as seasonal weakness in the wireless handset industry.
Shares of Kopin were recently up 4.5% to $9.77 in Instinet premarket trading after closing at $9.35 Thursday on the
Nasdaq
.
