Electro Scientific Industries (ESIO) Tops Q2 EPS by 4c, Guides Q3 Below

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Go back to Electro Scientific Industries (ESIO) Tops Q2 EPS by 4c, Guides Q3 Below

Needham & Co. Cuts PT, Maintains Buy on ESIO (ESIO) as Bookings Fall

October 26, 2012 9:47 AM EDT

Needham & Company maintained a Buy rating on Electro Scientific Industries (NASDAQ: ESIO) and cut its price target to $15.00 (from $18.00)

"As expected, ESIOs bookings paused in FQ2 following two consecutive quarters of robust orders," noted analyst James Ricchiuti.

"With... More