Alliance Fiber Optic Products Inc. Q4 Profit Drops 82%

(RTTNews) - Alliance Fiber Optic Products Inc. (AFOP) released earnings for fourth quarter that lost ground compared to the same period last year.

The company said its earnings fell to $0.84 million, or $0.05 per share. This was lower than $4.66 million, or $0.25 per share, in last year's fourth quarter.

Analysts had expected the company to earn $0.24 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company said revenue for the quarter fell 12.7% to $16.42 million. This was down from $18.81 million last year.

Alliance Fiber Optic Products Inc. earnings at a glance:

-Earnings (Q4): $0.84 Mln. vs. $4.66 Mln. last year. -Earnings Decline (Y-o-Y): -82.0% -EPS (Q4): $0.05 vs. $0.25 last year. -EPS Decline (Y-o-Y): -80.0% -Analysts Estimate: $0.24 -Revenue (Q4): $16.42 Mln vs. $18.81 Mln last year. -Revenue Change (Y-o-Y): -12.7%