Kopin Corp Q2 Loss Decreases, But Misses Estimates

(RTTNews) - Kopin Corp (KOPN) released Loss for second quarter that decreased from the same period last year but missed the Street estimates.

The company's earnings totaled -$5.92 million, or -$0.05 per share. This compares with -$8.18 million, or -$0.07 per share, in last year's second quarter.

Analysts on average had expected the company to earn -$0.04 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter rose 18.0% to $12.34 million from $10.46 million last year.

Kopin Corp earnings at a glance (GAAP) :

-Earnings (Q2): -$5.92 Mln. vs. -$8.18 Mln. last year. -EPS (Q2): -$0.05 vs. -$0.07 last year. -Revenue (Q2): $12.34 Mln vs. $10.46 Mln last year.