Electro Scientific Industries (ESIO) Tops Q1 EPS by 4c, Offers Q2 Guidance
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ESI Announces First Quarter Fiscal 2016 Results
July 29, 2015 8:30 AM EDTPORTLAND, Ore.--(BUSINESS WIRE)-- Electro Scientific Industries, Inc. (NASDAQ: ESIO), an innovator of laser-based manufacturing solutions for the microtechnology industry, today announced results for its fiscal 2016 first quarter ended June 27, 2015. Financial measures are provided on both a GAAP and non-GAAP basis, which excludes the impact of purchase accounting, equity compensation, and other items.
First quarter revenue was $43.1 million, compared to $37.6 million in the fourth quarter of 2015 and $35.0 million in the first quarter of last fiscal year. GAAP net loss was $6.4 million or $0.20 per share. Non-GAAP net loss was $4.5 million or $0.14 per share.
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