Shares of Electro Scientific Industries (NASDAQ: ESIO) jumped on Thursday after the supplier of laser-based manufacturing solutions reported preliminary third-quarter results that handily beat analyst expectations. As of 11:40 a.m. EST, the stock was up about 19.7%.Electro Scientific expects to report third-quarter revenue between $106 million and $111 million. This is well above the consensus analyst estimate of just $85 million.
Why Shares Of Electro Scientific Industries Jumped Today
newsfeedback@fool.com (Timothy Green), The Motley Fool
Thu, 01/18/2018 - 10:16am
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