VANCOUVER, Wash. (AP) _ NLight Inc. (LASR) on Wednesday reported a loss of $1.2 million in its first quarter.
The Vancouver, Washington-based company said it had a loss of 3 cents per share. Earnings, adjusted for stock option expense, were 2 cents per share.
The results met Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was also for earnings of 2 cents per share.
The laser maker posted revenue of $41.9 million in the period, falling short of Street forecasts. Three analysts surveyed by Zacks expected $42 million.
For the current quarter ending in July, nLight said it expects revenue in the range of $46 million to $50 million.
NLight shares have climbed 36% since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $24.15, a decrease of 19% 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 LASR at https://www.zacks.com/ap/LASR