MAYNARD, Mass. (AP) — Acacia Communications, Inc. (ACIA) on Monday reported third-quarter profit of $24.3 million.
The Maynard, Massachusetts-based company said it had net income of 56 cents per share. Earnings, adjusted for one-time gains and costs, were 78 cents per share.
The company posted revenue of $158.5 million in the period.
Acacia Communications shares have increased 1.5% since the beginning of the year. In the final minutes of trading on Monday, shares hit $68.85, an increase of 4% in the last 12 months.
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