Electro Scientific Industries Inc. (ESIO) Releases Q3 Earnings Guidance
Electro Scientific Industries Inc. (NASDAQ:ESIO) issued an update on its third quarter earnings guidance on Thursday morning. The company provided earnings per share guidance of ($0.09)-($0.05) for the period, compared to the Thomson Reuters consensus earnings per share estimate of $0.17, AnalystRatings.Net reports. The company issued revenue guidance of low $40 range, compared to the consensus revenue estimate of $67.50 million.
Shares of Electro Scientific Industries Inc. (NASDAQ:ESIO) traded down 0.25% during mid-day trading on Thursday, hitting $11.98. The stock had a trading volume of 81,013 shares. Electro Scientific Industries Inc. has a one year low of $9.28 and a one year high of $13.17. The stock’s 50-day moving average is $11.72 and its 200-day moving average is $11.31. The company’s market cap is $358.4 million.
Electro Scientific Industries (NASDAQ:ESIO) last posted its quarterly earnings results on Thursday, October 31st. The company reported $0.09 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.06 by $0.03. The company had revenue of $59.60 million for the quarter, compared to the consensus estimate of $58.70 million. During the same quarter in the previous year, the company posted $0.23 earnings per share. The company’s revenue for the quarter was down 25.7% on a year-over-year basis. On average, analysts predict that Electro Scientific Industries Inc. will post $0.45 earnings per share for the current fiscal year.
Electro Scientific Industries, Inc (NASDAQ:ESIO) is a supplier of laser-based manufacturing solutions for the microtechnology industry.
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