Orion Energy Systems (OESX) Releases Earnings Results, Misses Expectations By $-0.02 EPS

Orion Energy Systems (OESX) reported quarterly earnings results on Thursday, Jun-2-2016. The company reported $-0.11 earnings per share for the quarter, missing the analyst consensus estimate by $-0.02. Analysts had a consensus of $-0.09. The company posted revenue of $18.58 million in the period, compared to analysts expectations of $19.35 million. The company’s revenue was down -4.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $-0.19 EPS.

Orion Energy Systems closed down -0.07 points or -5.34% at $1.24 with 1,04,028 shares getting traded on Wednesday. Post opening the session at $1.32, the shares hit an intraday low of $1.2 and an intraday high of $1.33 and the price fluctuated in this range throughout the day.Shares ended Wednesday session in Red.

In a different news, on Feb 16, 2016, Marc Meade (Executive Vice President) purchased 3,500 shares at $1.26 per share price. According to the SEC, on Feb 12, 2016, John H Scribante (CEO) purchased 10,000 shares at $1.33 per share price. On Aug 25, 2015, James R Kackley (director) purchased 5,000 shares at $2.08 per share price, according to the Form-4 filing with the securities and exchange commission.

Orion Energy Systems Inc. is a designer and manufacturer of energy efficient lighting platforms. The Company researches develops designs manufactures markets and implements energy management systems consisting of energy efficient commercial and industrial interior and exterior lighting systems and related services. The Company operates in three segments: U.S. Markets Engineered Systems and Distribution Services. The U.S. Markets division focuses on selling lighting solutions into the wholesale markets including domestic energy service companies (ESCOs) and electrical contractors. The Orion Engineered Systems focuses on selling lighting products and construction and engineering services direct to end users. Its products include The LED Door Retrofit (LDR) Interior LED High Bay Fixtures Exterior LED Fixtures The Compact Modular InteLite Dynamic Control Device Apollo Solar Light Pipe and others products. Its customers are national accounts Government municipal and schools.

Orion Energy Systems

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