Business Corpus: Recent IPO NLight Tops Second-Quarter Views In First Public ReportLaser maker NLight late Wednesday topped Wall Street's estimates for the second quarter, its first as a publicly traded company. The post Recent IPO NLight Tops Second-Quarter Views In First Public Report appeared first on Investor's Business Daily.

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Laser maker NLight (LASR) late Wednesday topped Wall Street's estimates for the second quarter, its first as a publicly traded company.

The Vancouver, Wash.-based company earned an adjusted 14 cents a share on sales of $51.7 million in the June quarter. Analysts expected it to earn 13 cents a share on sales of $50.2 million.

NLight shares popped 8% in after-hours trading on the stock market today. During the regular session, the stock fell 4.2% to 30.16. It went public on April 26 at $16 a share.

NLight makes high‑power semiconductor and fiber lasers used in the industrial, microfabrication, and aerospace and defense markets.

China Business Strong

"We delivered strong revenue growth and gross profit in the second quarter, driven by meaningful expansion in all three of our end markets," Chief Executive Scott Keeney said in a news release.

He added, "Industrial and microfabrication business was particularly strong in China in the quarter, with the region growing almost 60% year-over-year."

Keeney expects momentum to continue at NLight thanks to a pipeline of new products coming over the next several quarters.

For the current quarter, NLight expects to generate sales of $50 million, based on the midpoint of guidance. It did not give an earnings per share target.

Wall Street was modeling the company to earn 8 cents a share on sales of $46.9 million in the September quarter.

The post Recent IPO NLight Tops Second-Quarter Views In First Public Report appeared first on Investor's Business Daily.