Acacia Communications, Inc. Provides Earnings Guidance for the Fourth Quarter and Full Year of 2020
January 11, 2021 at 05:00 pm EST
Acacia Communications, Inc. provided earnings guidance for the fourth quarter and full year of 2020. For the quarter, the company expects revenue in the range of $160 million to $164 million. The company expects GAAP net income in the range of $31.7 million to $35.4 million. The company anticipates GAAP diluted earnings per share in the range of $0.73 to $0.82.
For the full year 2020, the company expects revenue in the range of $579.3 million to $583.3 million. The company expects GAAP net income in the range of $87.7 million to $91.4 million. The company anticipates GAAP diluted earnings per share in the range of $2.03 to $2.11.