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ESI Eyes Changes Amid Sustained Losses

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PORTLAND, Ore., Nov. 3, 2014 — Electro Scientific Industries Inc. touted a sequential rise in revenues even as it closed its fiscal 2015 second quarter with a net loss of $6.2 million. CEO Ed Grady said ESI is implementing changes “to better connect our core competencies to large and growing markets,” and expects the laser-based manufacturing systems firm to return to profitability soon. The loss was an improvement over the previous quarter’s $8.3 million. The net loss in the second quarter of fiscal 2014 was $2.8 million. Revenue in the second quarter of 2015 was $42.9 million, compared...Read full article

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