nLIGHT (LASR) Set to Announce Earnings on Thursday

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nLIGHT (NASDAQ:LASR - Get Free Report) will issue its quarterly earnings data after the market closes on Thursday, May 2nd. Analysts expect the company to announce earnings of ($0.19) per share for the quarter. nLIGHT has set its Q1 2024 guidance at EPS.Investors that are interested in participating in the company's conference call can do so using this link.

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nLIGHT (NASDAQ:LASR - Get Free Report) last released its quarterly earnings results on Thursday, February 22nd. The company reported ($0.26) earnings per share for the quarter, topping analysts' consensus estimates of ($0.28) by $0.02. nLIGHT had a negative return on equity of 15.03% and a negative net margin of 19.85%. The company had revenue of $51.89 million during the quarter, compared to analysts' expectations of $48.08 million. On average, analysts expect nLIGHT to post $-1 EPS for the current fiscal year and $-1 EPS for the next fiscal year.

nLIGHT Trading Up 2.5 %

Shares of NASDAQ LASR traded up $0.28 during trading on Thursday, reaching $11.28. The company had a trading volume of 230,310 shares, compared to its average volume of 179,193. nLIGHT has a twelve month low of $8.13 and a twelve month high of $15.91. The stock has a market capitalization of $533.42 million, a PE ratio of -12.31 and a beta of 2.43. The stock has a 50-day moving average price of $12.57 and a two-hundred day moving average price of $12.20.

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Insider Activity

In other news, CFO Joseph John Corso sold 14,105 shares of nLIGHT stock in a transaction on Monday, March 18th. The stock was sold at an average price of $12.26, for a total value of $172,927.30. Following the completion of the sale, the chief financial officer now owns 146,601 shares of the company's stock, valued at $1,797,328.26. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Company insiders own 5.60% of the company's stock.

About nLIGHT

(Get Free Report)

nLIGHT, Inc designs, develops, manufactures, and sells semiconductor and fiber lasers for industrial, microfabrication, and aerospace and defense applications. The company operates in two segments, Laser Products and Advanced Development. It offers semiconductor lasers with various ranges of power levels, wavelengths, and output fiber sizes; and programmable and serviceable fiber lasers for use in industrial and aerospace and defense applications.

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