Electro Scientific Industries (ESIO) Releases Quarterly Earnings Results
Electro Scientific Industries (NASDAQ:ESIO) released its earnings data on Tuesday. The company reported ($0.10) earnings per share for the quarter, missing the analysts’ consensus estimate of ($0.08) by $0.02, American Banking News.com reports. The company had revenue of $38.30 million for the quarter, compared to the consensus estimate of $42.75 million. During the same quarter last year, the company posted ($0.05) earnings per share. Electro Scientific Industries’s revenue was up 1.0% compared to the same quarter last year. Electro Scientific Industries updated its Q4 guidance to ($0.14)-($0.09) EPS.
Shares of Electro Scientific Industries (NASDAQ:ESIO) traded down 0.19% on Tuesday, hitting $10.45. The stock had a trading volume of 22,233 shares. Electro Scientific Industries has a 1-year low of $9.45 and a 1-year high of $12.80. The stock has a 50-day moving average of $10.44 and a 200-day moving average of $10.91. The company’s market cap is $313.7 million.
On a related note, analysts at Sidoti initiated coverage on shares of Electro Scientific Industries in a research note to investors on Wednesday, January 8th. They set a “buy” rating on the stock. Three research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. Electro Scientific Industries presently has an average rating of “Hold” and a consensus price target of $13.50.
Electro Scientific Industries, Inc (NASDAQ:ESIO) is a supplier of laser-based manufacturing solutions for the microtechnology industry.
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