GSI Group (USA) (GSIG) reported quarterly earnings results on Friday, May-6-2016. The company reported $0.18 EPS for the quarter. Analysts had a consensus estimate of $0.18. The company posted revenue of $90.30 million in the period, compared to analysts expectations of $88.90 million. The company’s revenue was down -4.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.20 EPS.
GSI Group (USA) closed down -0.23 points or -1.60% at $14.12 with 56,443 shares getting traded on Wednesday. Post opening the session at $14.44, the shares hit an intraday low of $14.06 and an intraday high of $14.445 and the price fluctuated in this range throughout the day.Shares ended Wednesday session in Red.
In a different news, on Nov 20, 2015, Matthijs Glastra (Chief Operating Officer) sold 3,795 shares at $14.00 per share price. According to the SEC, on May 19, 2015, John A Roush (Chief Executive Officer) sold 10,000 shares at $14.53 per share price. On May 15, 2015, Robert Buckley (Chief Financial Officer) sold 8,100 shares at $14.66 per share price, according to the Form-4 filing with the securities and exchange commission.
GSI Group Inc. designs develops manufactures and sells precision photonic and motion control components and subsystems. The Company’s engineered enabling technologies include laser sources laser scanning and beam delivery products optical data collection and machine vision technologies medical visualization and informatics solutions and precision motion control products. The Company operates through three segments: Laser Products designs manufactures and markets photonics-based solutions; Medical Technologies designs manufactures and markets medical grade technologies including visualization solutions imaging informatics products optical data collection and machine vision technologies thermal printers and light and color measurement instrumentation and Precision Motion designs manufactures and markets optical encoders and air bearing spindles and precision machined components.