Opnext, Inc ( NASDAQ: OPXT ) reported Q4 earnings ended march 31 2011. Company has reported $ 95.3 million in revenues, down 2% compared to the previous quarter ( QoQ ) while 24 % up on YOY basis. Stock jumped more than 30 % to $ 2.44 in the morning trade.
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| Opnext Inc |
Company announced that for the first quarter of 2012, it expects revenues to be between $93-$97 million. According to Reuters Estimates, analysts were expecting the Company to report revenues of $99 million for the first quarter of 2012.
( Source: Reuters )
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