Electro Scientific Industries Posts Q2 Loss - Quick Facts

(RTTNews) - Electro Scientific Industries, Inc. (ESIO), a supplier of laser-based manufacturing solutions for the microtechnology industry, reported a second-quarter net loss of $2.8 million or $0.09 per share, compared to net income of $5.2 million or $0.17 per share, prior year. On a non-GAAP basis, net income was $2.6 million or $0.09 per share, for the quarter.

On average, three analysts polled by Thomson Reuters expected the company to report profit per share of $0.06 for the quarter. Analysts' estimates typically exclude special items.

Revenue was $59.6 million, compared to $80.2 million, last year. Analysts expected revenue of $58.67 million for the quarter.

The company expects revenues for the third quarter to be in the low $40 million range. Non-GAAP loss per share is expected to be $0.05 to $0.09. Analysts expect the company to report third-quarter profit per share of $0.17 on revenue of $67.50 million.

The company expects fiscal year revenues to be down approximately 10% from 2013.