nLight Q4 2023 Adj EPS $(0.13) Beats $(0.14) Estimate, Sales $51.89M Beat $47.99M Estimate
Portfolio Pulse from Benzinga Newsdesk
nLight (NASDAQ:LASR) reported Q4 2023 adjusted EPS of $(0.13), surpassing the $(0.14) estimate, with sales of $51.89M exceeding the $47.99M forecast. This represents an 8.45% decrease in sales compared to the same period last year.
February 22, 2024 | 9:20 pm
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POSITIVE IMPACT
nLight reported a better-than-expected Q4 2023 with an EPS of $(0.13) and sales of $51.89M, beating estimates but showing a sales decrease from the previous year.
Beating both EPS and sales estimates typically has a positive short-term impact on a company's stock price. However, the reported decrease in sales year-over-year might temper investor enthusiasm, suggesting a cautious optimism for LASR's stock in the short term.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100