Emcore Posts Wider FQ4 Loss

Emcore Corp

reported a wider fiscal fourth-quarter loss. Emcore posted a quarterly loss of $14.3 million, or $0.15 per share, versus a year-ago loss of $885,000, or a penny per share. Its revenue dropped 3.6% to $52.1 million. Emcore's gross margin declined to 19.3% from 23.6%. Emcore shares closed at $0.86 yesterday.