Electro Scientific Industries (ESIO) Tops Q1 EPS by 4c, Offers Q2 Guidance

Electro Scientific Industries (NASDAQ: ESIO) reported Q1 EPS of ($0.14), $0.04 better than the analyst estimate of ($0.18). Revenue for the quarter came in at $43.1 million versus the consensus estimate of $40.2 million.

Electro Scientific Industries sees Q2 2015 EPS of ($0.10)-($0.15), versus the consensus of ($0.11). Electro Scientific Industries sees Q2 2015 revenue of $42-47 million, versus the consensus of $45.00 million.

Grady concluded, “We continued to make progress against our long-term plan to grow revenue, achieve breakeven and return ESI to sustained profitable growth. In the past year we have leveraged ESI common architectures and technology to develop a strong portfolio of flexible modular systems to serve multiple applications in the micromachining, PCB, and semiconductor processing industries. Over the next year we expect to further expand our product portfolio, which will enable us to achieve our goal of tripling our addressable market and drive revenue growth for many years to come. At the same time, we are optimizing our cost structure and driving lean programs across the company. As our new products gain traction in the market we expect top line growth, combined with our focus on cost control, to enable us to achieve our objective of returning the company to growth and profitability.”

For earnings history and earnings-related data on Electro Scientific Industries (ESIO) click here.

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