nLight Q1 2024 Adj EPS $(0.17) Beats $(0.19) Estimate, Sales $44.527M Beat $44.269M Estimate
Portfolio Pulse from Benzinga Newsdesk
nLight (NASDAQ:LASR) reported Q1 2024 adjusted EPS of $(0.17), surpassing the $(0.19) estimate, with sales of $44.527M also beating the $44.269M estimate. However, this represents a 325% increase in losses and a 17.68% decrease in sales compared to the same period last year.
May 02, 2024 | 8:36 pm
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NEUTRAL IMPACT
nLight reported a smaller-than-expected Q1 2024 loss and higher sales, but with increased losses and decreased sales year-over-year.
While nLight's earnings and sales beat may initially seem positive, the significant increase in losses and decrease in sales compared to the previous year could temper investor enthusiasm. The mixed results present a neutral outlook in the short term as investors weigh the beats against the year-over-year performance.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100