POET Technologies Inc reports results for the quarter ended June 30 - Earnings Summary

• POET Technologies Inc POET.OQ reported a quarterly adjusted loss of 19 cents​​ per share for the quarter ended June 30, lower than the same quarter last year, when the company reported EPS of -14 cents. The lone analyst forecast for the quarter was for a loss of 11 cents per share.

• Revenue was $268.00 thousand​; analysts expected $276.00 thousand.

• POET Technologies Inc's reported EPS for the quarter was a loss of 21 cents​.

• The company reported a quarterly loss of $17.26 million.

• POET Technologies Inc shares had risen by 6.0% this quarter and lost 7.2% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 83.3% in the last three months.​

• In the last 30 days, there have been no earnings estimate revisions by analysts covering the company.

RECOMMENDATIONS

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 1 "strong buy" or "buy," no "hold" and no "sell" or "strong sell." The average consensus recommendation for the semiconductors peer group is also "buy"

• Wall Street's median 12-month price target for POET Technologies Inc is $7.00, about 21.1% above its last closing price of $5.52

This summary was machine generated from LSEG data August 12 at 07:04 p.m. UTC. ​All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)