Alliance Fiber Optic Products Inc. Q3 Earnings Drop 8%

(RTTNews) - Alliance Fiber Optic Products Inc. (AFOP) released a profit for third quarter that retreated compared to the same period last year.

The company said its bottom line declined to $4.20 million, or $0.23 per share. This was lower than $4.57 million, or $0.24 per share, in last year's third quarter.

Analysts had expected the company to earn $0.35 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company said revenue for the quarter fell 0.2% to $18.06 million. This was down from $18.10 million last year.

Alliance Fiber Optic Products Inc. earnings at a glance:

-Earnings (Q3): $4.20 Mln. vs. $4.57 Mln. last year. -Earnings Decline (Y-o-Y): -8.1% -EPS (Q3): $0.23 vs. $0.24 last year. -EPS Decline (Y-o-Y): -4.2% -Analysts Estimate: $0.35 -Revenue (Q3): $18.06 Mln vs. $18.10 Mln last year. -Revenue Change (Y-o-Y): -0.2%