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SemiLEDs Corporation Q1 Loss Rises

SemiLEDs Corporation (LEDS) revealed Loss for its first quarter that increased from last year

The company's bottom line totaled -$0.598 million, or -$0.12 per share. This compares with -$0.512 million, or -$0.11 per share, in last year's first quarter.

The company's revenue for the quarter fell 2.7% to $1.650 million from $1.695 million last year.

SemiLEDs Corporation earnings at a glance (GAAP) :

-Earnings (Q1): -$0.598 Mln. vs. -$0.512 Mln. last year.
-EPS (Q1): -$0.12 vs. -$0.11 last year.
-Revenue (Q1): $1.650 Mln vs. $1.695 Mln last year.

-Guidance:
Next quarter revenue guidance: ~$1.1 Mln +/- 10%

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Jobless claims data was the highlight in this relatively light week for U.S. economics. In Europe, focus was on the U.K. economy where the Bank of England announced its latest policy decision and the first quarter GDP data were released. Find out the signals from the central bank and whether or not the UK economy exited a recession. In the Asia-Pacific, Australia's central bank delivered its latest policy verdict and China released trade figures.

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