NeoPhotonics (NPTN) Above-Consensus Profit; Canadian Pacific (CP) Considering Legal Battle


Shares of NeoPhotonics Corporation (NYSE:NPTN) soared more than 14% to touch a new 52-week high of $13.25 during Wednesday’s trading session after the company delivered quarterly profit and revenue numbers above Wall Street analysts’ expectations

For its fourth quarter fiscal 2015, NeoPhotonics posted revenue of $89.1 million, a 12.8% increase year over year, and non-GAAP net income of $6.9 million, or $0.16 per diluted share, compared to non-GAAP net income of $6.3 million, or $0.19 per diluted share in the same quarter the prior year, exceeding the Capital IQ Consensus estimate of $0.10 earnings per share on revenues of $84.45 million for the period

NPTN stock closed at $12.50, up $0.91 (or +7.85%), with a total volume of 3,662,725 shares traded, a large increase in activity versus its average volume (3m) of 612,931

NeoPhotonics, a leading designer and manufacturer of advanced hybrid photonic integrated optoelectronic modules and subsystems, has 40.52M Shares Outstanding, Market Capitalization (intraday) of $506.54M.



Canadian Pacific Railway Ltd. (NYSE:CP) said Wednesday that it is considering legal options against certain U.S. competitors in the railroad industry that work together to block the company’s combination with Norfolk Southern Corp. (NYSE:NSC)

CP stock finished the trading session at $119.95, down $3.01 (or -2.45%), and 1,159,360 of its shares exchanged hands during the day

Canadian Pacific Railway, a transcontinental railway in Canada and the United States, has 153.00M Shares Outstanding, Market Capitalization (intraday) of $18.35B and CP stock one-year range is between $97.09 and $198.44 per share


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