Electro Scientific Industries (ESIO) Releases Earnings Results, Beats Expectations By $0.06 EPS

Electro Scientific Industries (ESIO) reported quarterly earnings results on Tuesday, May-10-2016. The company said it had a profit of $0.11 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $0.06. Analysts had a consensus of $0.05. The company posted revenue of $51.50 million in the period, compared to analysts expectations of $49.75 million. The company’s revenue was up 37.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $-0.21 EPS.

Electro Scientific Industries closed down -0.03 points or -0.43% at $7.02 with 1,47,338 shares getting traded on Friday. Post opening the session at $7.01, the shares hit an intraday low of $6.9837 and an intraday high of $7.05 and the price fluctuated in this range throughout the day.Shares ended Friday session in Red.

In a different news, on Mar 1, 2016, John K Medica (director) purchased 1,845 shares at $7.05 per share price. According to the SEC, on Dec 3, 2015, Kerry L Mustoe (VP, Corporate Controller & CAO) sold 3,498 shares at $5.07 per share price. On Nov 25, 2015, Raymond A Link (director) purchased 4,000 shares at $5.00 per share price, according to the Form-4 filing with the securities and exchange commission.

Electro Scientific Industries Inc. is a supplier of laser-based manufacturing solutions for the micro technology industry. The Company operates in two segments Component Processing and Micromachining. Its Component Processing segment includes interconnect products semiconductor products and component products. Interconnect semiconductor and component products are sold to manufacturers of electronic components and are used to drill cut trim ablate and test. The Company’s micromachining products are sold to manufacturers of end devices across multiple industries and are used to drill cut or mark features on a range of materials generally on the casing or external surface of the end device. The Company’s integrated solutions allow industrial designers and process engineers to control the power of laser light to transform materials.

Electro Scientific Industries

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