• LightPath Technologies Inc LPTH.OQ reported a quarterly adjusted loss of 4 cents​​ per share for the quarter ended January 1, identical to the same quarter last year. The mean expectation of four analysts for the quarter was for a loss of 5 cents per share. Wall Street expected results to range from -6 cents to -4 cents per share.

• Revenue rose 4% to $8.40 million from a year ago; analysts expected $8.33 million.

• The company reported a quarterly loss of $1.62 million.

• LightPath Technologies Inc shares had risen by 16.8% this quarter and gained 27.0% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 25% in the last three months.​

• In the last 30 days, there have been no earnings estimate revisions by analysts covering the company.

RECOMMENDATIONS

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 4 "strong buy" or "buy," no "hold" and no "sell" or "strong sell."

• The average consensus recommendation for the office equipment peer group is also "buy"

Wall Street's median 12-month price target for LightPath Technologies Inc is $3.00

This summary was machine generated from LSEG data November 8 at 05:01 a.m. UTC. ​All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)