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NLight: Q2 Earnings Snapshot
By AP News - Aug 02, 2024, 03:05 AM ET
Last Updated - Aug 02, 2024, 03:05 AM EDT
CAMAS, Wash. (AP) — CAMAS, Wash. (AP) — NLight Inc. (LASR) on Thursday reported a loss of $11.7 million in its second quarter.
The Camas, Washington-based company said it had a loss of 25 cents per share. Losses, adjusted for stock option expense and amortization costs, were 10 cents per share.
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The results topped Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for a loss of 12 cents per share.
The laser maker posted revenue of $50.5 million in the period, also beating Street forecasts. Three analysts surveyed by Zacks expected $49.2 million.
For the current quarter ending in September, nLight said it expects revenue in the range of $53 million to $58 million.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on LASR at https://www.zacks.com/ap/LASR
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