Oclaro, Inc. (NASDAQ:OCLR) CEO Greg Dougherty said that the company’s results for the third quarter of fiscal year 2014, which ended March 29, 2014, failed to meet his expectations. A miss on non-GAAP gross margins contributed to Dougherty’s disappointment. Meanwhile, GAAP gross margin was 12% for the third quarter of fiscal 2014, 4% off that of the previous quarter. Non-GAAP gross margin also was at 12%, lower than the 13% to 17% previously forecasted. Here, the challenges were the aforementioned execution issues, the fact that the quarter traditionally is when new contract negotiations usually result in price declines (it was 4% this year), and increased contract manufacturing costs. CFO Pete Mangan also cited product rationalizations and production ramp decisions as influential factors. Oclaro, Inc. (NASDAQ:OCLR) net profit margin is -4.70% and weekly performance is 2.26%. On last trading day company shares ended up $1.81. Analysts mean target price for the company is $2.50. Oclaro, Inc. (NASDAQ:OCLR) distance from 50-day simple moving average (SMA50) is -38.92%.
Trio-Tech International (NYSEMKT:TRT) announced financial results for the third quarter and the first nine months of fiscal 2014. For the three months ended March 31, 2014, revenue increased 24.5% to $8,039,000, compared to revenue of $6,458,000 for the third quarter of fiscal 2013. Products revenue increased 12.5% to $3,394,000 compared to $3,018,000 for last year’s third fiscal quarter, and semiconductor testing services revenue increased 35.0% to $4,599,000 compared to $3,407,000 for the third quarter of fiscal 2013. Trio-Tech International (NYSEMKT:TRT) shares advanced 5.57% in last trading session and ended the day on $3.22 . Gross Margin is 20.60% and its return on assets is -2.60%. Trio-Tech International (NYSEMKT:TRT) quarterly performance is 1.26%.
BTU International, Inc. (NASDAQ:BTUI) will highlight the company’s new Stacked Wafer Inline Furnace Technology (SWIFT), ultra-high throughput technology for solar cell diffusion, in booth E3-210 at the 8th SNEC Power Expo 2014, scheduled to take place May 20-22, 2014, at the Shanghai New International Expo Center in Shanghai, China. BTU also will exhibit the SinTerra, the latest technology for metallization firing. BTU International, Inc. (NASDAQ:BTUI) shares moved up 5.06% in last trading session and was closed at $2.70, while trading in range of $2.57 – $2.85. BTU International, Inc. (NASDAQ:BTUI) year to date (YTD) performance is -10.30%.
eMagin Corporation (NYSEMKT:EMAN), the leader in the development, design and manufacture of Active Matrix OLED microdisplays for high resolution imaging products, announced financial results and corporate highlights for the first quarter ended March 31, 2014. Revenues for the first quarter of 2014 were $6.3 million versus $8.5 million for the first quarter of 2013 and $6.1 million for the fourth quarter of 2013. The decline in first quarter 2014 revenues versus the year ago first quarter is attributable to fewer units shipped and a decrease in the average selling price due to product mix and a stop order from three customers regarding a product issue that has already been partially resolved. eMagin Corporation (NYSEMKT:EMAN) ended the last trading day at $2.62 . Company weekly volatility is calculated as 6.71% and price to cash ratio as 6.10. eMagin Corporation (NYSEMKT:EMAN) showed a positive weekly performance of 0.77%.