- Tools for Investors
- Stock News
- Investing Ideas
- Econ & Policy
- Personal Finance
GSI Group Inc (NASDAQ:GSIG) delivered a profit and beat Wall Street’s expectations, AND beat the revenue expectation. The revenue beat is a positive sign to shareholders seeking high growth out of the company. Shares are up 4.38%.
GSI Group Inc Earnings Cheat Sheet
Results: Adjusted Earnings Per Share increased 300% to $0.44 in the quarter versus EPS of $0.11 in the year-earlier quarter.
Revenue: Decreased 16.79% to $66.4 million from the year-earlier quarter.
Actual vs. Wall St. Expectations: reported adjusted EPS income of $0.44 per share. By that measure, the company beat the mean analyst estimate of $0.12. It beat the average revenue estimate of $65.67 million.
Quoting Management: “The Company delivered in-line with our financial expectations, despite a continued economic and industry downturn,” said John Roush , Chief Executive Officer. “We accomplished most of our strategic goals in the year, including the restructuring programs, a business divestiture, and making strong progress on our growth initiatives; and these were accomplished under a very challenging economic environment and capital equipment downturn.”
Key Stats (on next page)…
Don't miss one of the biggest bull markets in history! Covers Gold, Silver, Gold & Silver stocks, and miners.
There's always a bull market in some sector! Find the best opportunities in commodities.