Electro Scientific Industries: Fiscal 1Q Earnings Snapshot

August 1, 2018

PORTLAND, Ore. (AP) _ Electro Scientific Industries Inc. (ESIO) on Wednesday reported fiscal first-quarter profit of $31.1 million.

The Portland, Oregon-based company said it had net income of 87 cents per share. Earnings, adjusted for pretax expenses and stock option expense, came to 96 cents per share.

The semiconductor testing equipment maker posted revenue of $110.6 million in the period.

For the current quarter ending in October, Electro Scientific Industries expects its per-share earnings to range from 52 cents to 62 cents.

The company said it expects revenue in the range of $80 million to $90 million for the fiscal second quarter.

Electro Scientific Industries shares have declined 17 percent since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $17.80, more than doubling in the last 12 months.


This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on ESIO at https://www.zacks.com/ap/ESIO

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