Needham & Company Downgrades Electro Scientific Industries (ESIO) to Hold
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ESI Announces First Quarter Fiscal 2017 Results
August 2, 2016 4:03 PM EDTPORTLAND, Ore., Aug. 02, 2016 (GLOBE NEWSWIRE) -- Electro Scientific Industries, Inc. (NASDAQ: ESIO), an innovator of laser-based manufacturing solutions for the microtechnology industry, today announced results for its fiscal 2017 first quarter ended July 2, 2016. Financial measures are provided on both a GAAP and a non-GAAP basis, which excludes the impact of purchase accounting, equity compensation, restructuring, inventory impairments, and other items.
First quarter revenue was $47.7 million, compared to $51.5 million in the fourth quarter of 2016 and $43.1 million in the first quarter of last fiscal year. GAAP net loss was $0.1 million or $0.00 per share. On a non-GAAP... More
