Kopin (KOPN) Announces Earnings Results, Misses Estimates By $0.02 EPS

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Kopin (NASDAQ:KOPN) announced its earnings results on Thursday. The company reported ($0.13) EPS for the quarter, missing analysts’ consensus estimates of ($0.11) by ($0.02), MarketWatch Earnings reports. Kopin had a negative net margin of 86.62% and a negative return on equity of 35.12%. The firm had revenue of $5.13 million for the quarter. During the same period last year, the business earned ($0.11) EPS. Kopin updated its FY 2018 guidance to EPS.

Kopin stock traded down $0.10 during midday trading on Friday, reaching $1.85. 296,497 shares of the stock traded hands, compared to its average volume of 181,765. Kopin has a 12-month low of $1.84 and a 12-month high of $3.95.

A number of institutional investors have recently made changes to their positions in the stock. BlackRock Inc. boosted its holdings in Kopin by 8.8% during the 3rd quarter. BlackRock Inc. now owns 9,665,876 shares of the company’s stock valued at $23,391,000 after acquiring an additional 780,079 shares during the period. Northern Trust Corp boosted its holdings in Kopin by 9.2% during the 2nd quarter. Northern Trust Corp now owns 809,625 shares of the company’s stock valued at $2,315,000 after acquiring an additional 68,060 shares during the period. Round Table Services LLC boosted its holdings in Kopin by 117.7% during the 3rd quarter. Round Table Services LLC now owns 385,380 shares of the company’s stock valued at $933,000 after acquiring an additional 208,380 shares during the period. Cowen Prime Services LLC boosted its holdings in Kopin by 12.6% during the 3rd quarter. Cowen Prime Services LLC now owns 293,750 shares of the company’s stock valued at $711,000 after acquiring an additional 32,932 shares during the period. Finally, Schwab Charles Investment Management Inc. boosted its holdings in Kopin by 20.1% during the 1st quarter. Schwab Charles Investment Management Inc. now owns 137,600 shares of the company’s stock valued at $430,000 after acquiring an additional 23,000 shares during the period. Institutional investors own 46.99% of the company’s stock.

Separately, National Securities initiated coverage on Kopin in a report on Tuesday, October 2nd. They set a “buy” rating and a $3.00 target price for the company.

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Kopin Company Profile

Kopin Corporation invents, develops, manufactures, and sells technologies, components, and systems in the United States, the Asia-Pacific, and Europe. The company's Kopin Wearable technology includes component technologies, which can be integrated to create headset systems. It provides components, including miniature liquid crystal displays, liquid crystal on silicon displays/ spatial light modulators, organic light emitting diode displays, application specific integrated circuits, backlights, optical lenses, and audio integrated circuits.

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Earnings History for Kopin (NASDAQ:KOPN)

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