Rubicon Technology Q1 Loss Widens

(RTTNews) - Rubicon Technology Inc. (RBCN) Thursday reported first-quarter net loss of $10.9 million or $0.43 per share, wider than $3.4 million or $0.15 per share in the same period last year.

On average, 10 analysts polled by Thomson Reuters expected the company to report a loss of $0.34 per share for the quarter. Analysts' estimates typically exclude special items.

Revenue rose to $14.27 billion from $8.31 billion last year, while ten analysts expected revenues of $12.95 billion.

Looking ahead to the second quarter, the company expects loss per share to be between $0.38 to $0.46. Analysts currently expect second quarter loss of $0.20 per share.