LSI Industries (LYTS) reported earnings results this morning that were significantly less than stellar as the company tries to replace the significant 7-Eleven LED business that propelled revenues last year. The company reported an EPS of .05/share vs the analyst estimate for .10/share on revenues of $65.5 million vs the analyst estimate for $70 million. That represents quarter over quarter decreases of 50% and 18% respectively.
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LSI Industries (LYTS) reported after the bell tonight, missing analyst estimates. The company reported an EPS of .06/share on revenues of $75 million which compares with the analyst estimate of .11/share on revenues of $76 million. CEO Robert J. Ready blamed the earnings miss on less federal tax credits and an increase in local income taxes. Despite the miss, the company still posted nice quarter over quarter EPS and revenue growth of 50% and … Read the rest
Shares of LSI Industries (LYTS) are breaking out of a downtrend today after the company beat analyst estimates on the EPS side, while missing the revenue estimate. Traders are focusing on the sizable EPS beat with the stock up nearly 10% today. The company posted an EPS of .09/share (vs the estimate for .02/share) on revenues of $64.63 million (missing the analyst estimate for $70 million. The EPS number is a big improvement over … Read the rest
LSI Industries (LYTS) is what I’d call an off the radar LED lighting play in the same group as an Orion Energy (OESX) and Nexxus Lighting (NEXS). These are the LED plays that don’t have the big profits and are on the cusp of growth. After reporting earnings results this morning, you could argue that LYTS is emerging as a new leader in the LED space. Actually, the growth really began last quarter when the … Read the rest