New York, NY - July 26, 2012 (InvestorIdeas.com Newswire) Investor Ideas, www.InvestorIdeas.com, a global investor research portal for independent investors, issues a tech stock trading alert for Electro Scientific Industries Inc. (NasdaqGS :ESIO), trading up at $13.28, gaining $2.50 or 23.19% as of 11:45AM EDT. The Company reported first quarter earnings yesterday on the bell.
Revenue in the first quarter was $59.0 million, compared to $45.5 million in the fourth quarter of 2012 and $77.0 million in the first quarter of last fiscal year. On a GAAP basis, net loss was $0.9 million or $0.03 per share, compared to a loss of $7.7 million or $0.26 per share in the prior quarter.
- Published: 26 July 2012
- Written by Investor Ideas