Why Is Emcore (EMKR) Stock Down 41% Today?

Emcore (NASDAQ:EMKR) stock is falling hard on Thursday following the release of the navigation system and inertial sensing products company’s fiscal Q2 2024 earnings report. That comes alongside revenue of $19.6 million for the quarter. This is still well below the $23.86 million in revenue that Wall Street was expecting. It’s also down from the $24.25 million reported in the same period of the year prior. That’s despite the company reporting adjusted earnings per share of -8 cents during the quarter. This ...