Electro Scientific Industries (ESIO) Tops Q4 EPS by 14c

Electro Scientific Industries (NASDAQ: ESIO) reported Q4 EPS of $0.09, $0.14 better than the analyst estimate of ($0.05). Revenue for the quarter came in at $49.9 million versus the consensus estimate of $42.67 million.

“The company had a strong quarter operationally with orders, revenues, and non-GAAP earnings exceeding expectations,” stated Michael Burger, president and CEO of ESI. “The seasonally strong orders resulted in our highest backlog in nearly five years and position us well as we enter fiscal 2018. I am also pleased with the progress we are making on our restructuring plan. Our new executive team is in place and we are on track with our plans to improve our consistency of earnings over time."

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

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