Acacia Communications reported non-GAAP earnings of $0.26 per share, down from $0.77 per share a year ago, but above the Capital IQ consensus estimate of $0.18 per share. On a GAAP basis, the company reported diluted earnings of $0.11 per share, down from $0.43 per share the same quarter last year.
Total revenue of $78.9 million fell from $116.2 million a year ago but beat the estimated $78.2 million. For Q3, the company forecasts adjusted diluted earnings to be within $0.25 to $0.40 per share on revenue between $95.0 to $110.0 million. This compares to Wall Street estimates for EPS of $0.55 per share on $118.4 million in revenue.