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MarketWatch MarketPulseFeb 21, 2019
Acacia Communications shares jump on better-than-expected quarterly earnings
Acacia Communications Inc. shares rallied in Thursday's extended session after the optical networking technology company posted quarterly results ahead of Wall Street's expectations. Acacia reported it swung to fourth-quarter earnings of $9.1 million, or 22 cents a share, from a loss of $20.4 million, or 52 cents a share, a year earlier. On an adjusted basis, the company would have earned 41 cents a share. Revenue rose to $107.1 million from $86.6 million. Analysts surveyed by FactSet had forecast earnings of 35 cents on revenue of $103 million. For the current quarter, Acacia expects revenue in a range of $96 million to $104 million and adjusted earnings per share of 18 cents to 34 cents. Acacia shares rallied 4.9% after hours.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.



CNBC FinanceFeb 21, 2019
Fintechs help boost US personal loan surge to a record $138 billion
Fintech companies now make up 38 percent of the personal loan market — up from just 5 percent five years ago, according to new data from TransUnion.
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