U.S. Markets open in 6 hrs 18 mins

Electro Scientific Industries posts 2Q profit

PORTLAND, Ore. (AP) _ Electro Scientific Industries Inc. (ESIO) on Wednesday reported fiscal second-quarter net income of $4.3 million, after reporting a loss in the same period a year earlier.

On a per-share basis, the Portland, Oregon-based company said it had net income of 12 cents. Earnings, adjusted for non-recurring costs, were 39 cents per share.

The semiconductor testing equipment maker posted revenue of $71 million in the period.

For the current quarter ending in January, Electro Scientific Industries expects its per-share earnings to range from 48 cents to 60 cents.

The company said it expects revenue in the range of $80 million to $90 million for the fiscal third quarter.

Electro Scientific Industries shares have more than doubled since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $16.31, more than tripling in the last 12 months.


This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on ESIO at https://www.zacks.com/ap/ESIO