GSI Group (GSIG) Releases Quarterly Earnings Results, Meets Expectations
Resource from: Dakota Financial News Likes:187
Aug 06,2015
GSI Group (NASDAQ:GSIG) posted its quarterly earnings data on Wednesday. The company reported $0.20 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.20, Analyst Ratings.Net reports. The business earned $96.50 million during the quarter, compared to the consensus estimate of $93.50 million. During the same quarter in the prior year, the company posted $0.19 earnings per share. The business’s revenue was down .4% compared to the same quarter last year. GSI Group updated its Q3 guidance to $0.18-0.20 EPS and its FY15 guidance to $0.85-0.89 EPS.
In other GSI Group news, CFO Robert Buckley sold 8,100 shares of the business’s stock in a transaction on Thursday, May 14th. The shares were sold at an average price of $14.66, for a total transaction of $118,746.00. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CEO John A. Roush sold 10,000 shares of the business’s stock in a transaction on Monday, May 18th. The shares were sold at an average price of $14.54, for a total transaction of $145,400.00. The disclosure for this sale can be found here.
Shares of GSI Group (NASDAQ:GSIG) traded up 1.02% during mid-day trading on Wednesday, hitting $13.93. 39,048 shares of the stock were exchanged. The stock’s market capitalization is $479.28 million. GSI Group has a 52 week low of $11.08 and a 52 week high of $15.80. The stock’s 50-day moving average is $14.70 and its 200-day moving average is $14.02.
Separately, TheStreet raised shares of GSI Group from a “hold” rating to a “buy” rating in a report on Wednesday, June 3rd.
GSI Group Inc. designs, develops, manufactures and sells precision photonic and motion control components and subsystems. The Company sells its products to original equipment manufacturers OEM in the medical, industrial, electronics and scientific markets. The Company operates in three segments: Laser products, Medical technologies and Precision motion. The Laser Products segment includes laser scanners, sealed CO2 lasers, fiber lasers and scientific lasers. The Medical Technologies segment consists of four product lines: medical grade visualization solutions, imaging informatics, thermal printers, and light and color measurement instrumentation. The Precision Motion segment consists of two product lines: optical encoders and air bearing spindles. The Company’s brands include MicroE Systems, Westwind, Synrad, Cambridge Technology, ExoTec Precision, General Scanning, Photo Research, JADAK, NDS, Dome and NDSsi.
(Dakota Financial News)
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1.The news above mentioned with detailed source are from internet.We are trying our best to assure they are accurate ,timely and safe so as to let bearing users and sellers read more related info.However, it doesn't mean we agree with any point of view referred in above contents and we are not responsible for the authenticity. If you want to publish the news,please note the source and you will be legally responsible for the news published.
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