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

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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