nLight Q2 Adj EPS $(0.02) Beats $(0.08) Estimate, Sales $53.30M Beat $52.37M Estimate
Portfolio Pulse from vinayak@benzinga.com
nLight reported Q2 adjusted EPS of $(0.02), beating the estimate of $(0.08) by 75%. This is a 71.43% increase over losses from the same period last year. The company also reported quarterly sales of $53.30M, beating the estimate of $52.37M by 1.78%. However, this is a 12.37% decrease over sales from the same period last year.
August 04, 2023 | 2:28 pm
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POSITIVE IMPACT
nLight's Q2 results exceeded estimates, with a 75% beat on EPS and a 1.78% beat on sales. However, sales are down 12.37% YoY.
nLight's Q2 results exceeded estimates, which is generally a positive signal for the stock. However, the decrease in sales compared to the same period last year might be a concern for investors.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100