nLight Q2 2024 Adj. EPS $(0.10) Beats $(0.13) Estimate, Sales $50.511M Beat $49.147M Estimate
Portfolio Pulse from Benzinga Newsdesk
nLight (NASDAQ:LASR) reported Q2 2024 adjusted EPS of $(0.10), beating the estimate of $(0.13). Sales were $50.511M, surpassing the $49.147M estimate but down 5.24% from last year.
August 01, 2024 | 8:49 pm
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POSITIVE IMPACT
nLight reported better-than-expected Q2 2024 EPS and sales, but sales were down 5.24% YoY.
nLight's better-than-expected EPS and sales figures are positive indicators, although the YoY sales decline may temper enthusiasm. Overall, the market is likely to react positively in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100