Recap: nLight Q1 Earnings

nLight (NASDAQ:LASR) reported its Q1 earnings results on Thursday, May 4, 2023 at 04:05 PM.

Here's what investors need to know about the announcement.

nLight beat estimated earnings by 75.0%, reporting an EPS of $-0.04 versus an estimate of $-0.16.

Revenue was down $10.37 million from the same period last year.

Last quarter the company missed on EPS by $0.13 which was followed by a 11.86% drop in the share price the next day.

Here's a look at nLight's past performance:

Quarter	Q4 2022	Q3 2022	Q2 2022	Q1 2022
EPS Estimate	-0.14	-0.08	-0.09	-0.08
EPS Actual	-0.27	-0.11	-0.07	-0.04
Revenue Estimate	56.89M	63.89M	63.27M	64.01M
Revenue Actual	56.68M	60.09M	60.83M	64.46M

To track all earnings releases for nLight visit their earnings calendar here.

This article was generated by Benzinga's automated content engine and reviewed by an editor.