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NLight: Q3 Earnings Snapshot
By AP News - Nov 07, 2024, 05:21 PM ET
Last Updated - Nov 07, 2024, 05:21 PM EST
CAMAS, Wash. (AP) — CAMAS, Wash. (AP) — NLight Inc. (LASR) on Thursday reported a loss of $10.3 million in its third quarter.
On a per-share basis, the Camas, Washington-based company said it had a loss of 21 cents. Losses, adjusted for stock option expense and amortization costs, came to 8 cents per share.
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The results met Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was also for a loss of 8 cents per share.
The laser maker posted revenue of $56.1 million in the period, surpassing Street forecasts. Three analysts surveyed by Zacks expected $55.7 million.
For the current quarter ending in December, nLight said it expects revenue in the range of $49 million to $54 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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