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BRIEF-Neophotonics to sell transceiver business to Apat Optoelectronics
December 19, 2016 / 9:23 PM / 10 months ago

BRIEF-Neophotonics to sell transceiver business to Apat Optoelectronics

Dec 19 (Reuters) - Neophotonics Corp :

* Transaction is valued at approximately $26.4 million, inclusive of post-closing payments under a transition services agreement

* Sees Q4 GAAP loss per share $0.08 to $0.00

* Neophotonics also announced an updated outlook for Q4 ending Dec. 31, 2016

* Neophotonics - assets to be sold include intellectual property, inventory and fixed assets for neophotonics’ PON products including GPON and GEPON transceiver products

* Sees Q4‘16 revenue $105 million to $109 million

* Sees Q4 non-GAAP earnings per share $0.03 to $0.11

* Q4 earnings per share view $0.17, revenue view $112.6 million -- Thomson Reuters I/B/E/S

* Neophotonics announces definitive agreement to sell low speed transceiver business to Apat Optoelectronics Source text for Eikon: Further company coverage:

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