GSI Group Inc (NASDAQ:GSIG) delivered a profit and beat Wall Street’s expectations, AND beat the revenue expectation. The revenue beat is a positive sign to shareholders seeking high growth out of the company.
GSI Group Inc Earnings Cheat Sheet
Results: Adjusted Earnings Per Share increased 7.69% to $0.14 in the quarter versus EPS of $0.13 in the year-earlier quarter.
Revenue: Rose 21.21% to $85.31 million from the year-earlier quarter.
Actual vs. Wall St. Expectations: GSI Group Inc reported adjusted EPS income of $0.14 per share. By that measure, the company beat the mean analyst estimate of $0.02. It beat the average revenue estimate of $84.84 million.
Quoting Management: “We are pleased to report second quarter financial results that are in the upper half of our guidance range,” said John Roush , Chief Executive Officer. “Our businesses delivered results that were generally in-line with our expectations, despite the sluggish economic recovery across most of our end markets. In addition, we had strong cash generation within the quarter and were able to strengthen our balance sheet, which positions us well to execute on our growth strategy.”
Key Stats (on next page)…