nLIGHT Inc reports results for the quarter ended June 30 - Earnings Summary

• nLIGHT Inc LASR.OQ reported quarterly adjusted earnings of 6 cents​​ per share for the quarter ended June 30, higher than the same quarter last year, when the company reported EPS of -10 cents. The mean expectation of seven analysts for the quarter was for a loss of 9 cents per share. Wall Street expected results to range from -12 cents to -7 cents per share.

• Revenue rose 22.2% to $61.74 million from a year ago; analysts expected $55.24 million.

• nLIGHT Inc's reported EPS for the quarter was a loss of 7 cents​.

• The company reported a quarterly loss of $3.59 million.

• nLIGHT Inc shares had risen by 4.0% this quarter and gained 95.1% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had risen by about 2.7% in the last three months.​

• In the last 30 days, there have been no earnings estimate revisions by analysts covering the company.

RECOMMENDATIONS

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 6 "strong buy" or "buy," 1 "hold" and no "sell" or "strong sell." The average consensus recommendation for the semiconductors peer group is also "buy"

• Wall Street's median 12-month price target for nLIGHT Inc is $16.50, about 24.1% below its last closing price of $20.47

This summary was machine generated from LSEG data August 8 at 06:01 a.m. UTC. ​All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)