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

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

Shares of NASDAQ KOPN traded down $0.10 during midday trading on Friday, hitting $1.85. 296,497 shares of the company’s stock were exchanged, compared to its average volume of 181,765. Kopin has a twelve month low of $1.84 and a twelve month high of $3.95.

Several hedge funds and other institutional investors have recently modified their holdings of KOPN. BlackRock Inc. raised its position in shares of Kopin by 8.8% during the 3rd quarter. BlackRock Inc. now owns 9,665,876 shares of the company’s stock worth $23,391,000 after acquiring an additional 780,079 shares in the last quarter. Round Table Services LLC raised its position in shares of Kopin by 117.7% during the 3rd quarter. Round Table Services LLC now owns 385,380 shares of the company’s stock worth $933,000 after acquiring an additional 208,380 shares in the last quarter. Northern Trust Corp raised its position in shares of Kopin by 9.2% during the 2nd quarter. Northern Trust Corp now owns 809,625 shares of the company’s stock worth $2,315,000 after acquiring an additional 68,060 shares in the last quarter. JPMorgan Chase & Co. raised its position in shares of Kopin by 457.7% during the 1st quarter. JPMorgan Chase & Co. now owns 74,092 shares of the company’s stock worth $231,000 after acquiring an additional 60,807 shares in the last quarter. Finally, A.R.T. Advisors LLC acquired a new stake in shares of Kopin during the 1st quarter worth about $137,000. 46.99% of the stock is currently owned by institutional investors and hedge funds.

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

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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.

Read More: How are Outstanding Shares Different from Authorized Shares?

Earnings History for Kopin (NASDAQ:KOPN)

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