GSI Group Earnings: Here’s Why the Stock is Falling Now

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)…