ESI Announces First Quarter Fiscal 2017 Results

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Go back to ESI Announces First Quarter Fiscal 2017 Results

Needham & Company Downgrades Electro Scientific Industries (ESIO) to Hold

August 3, 2016 7:23 AM EDT

Needham & Company downgraded Electro Scientific Industries (NASDAQ: ESIO) from Buy to Hold.

Analyst James Ricchiuti commented, "ESIO's gradual turnaround, which produced steady improvement in profitability over the past year, has hit a snag after bookings fell sharply in FQ1.... More

Electro Scientific Industries (ESIO) Tops Q1 EPS by 4c

August 2, 2016 5:08 PM EDT

Electro Scientific Industries (NASDAQ: ESIO) reported Q1 EPS of $0.09, $0.04 better than the analyst estimate of $0.05. Revenue for the quarter came in at $47.7 million versus the consensus estimate of $50.75 million.

Based on current market conditions, revenues for the second quarter of fiscal 2017 are expected to... More