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• LightPath Technologies Inc LPTH.OQ reported a quarterly adjusted loss of 7 cents​​ per share for the quarter ended in January, lower than the same quarter last year, when the company reported EPS of -3 cents. The mean expectation of four analysts for the quarter was for a loss of 4 cents per share. Wall Street expected results to range from -5 cents to -3 cents per share.

• Revenue rose 3.9% to $7.70 million from a year ago; analysts expected $7.98 million.

• The company reported a quarterly loss of $2.6 million.

• LightPath Technologies Inc shares had risen by 0.7% this quarter and gained 10.3% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 23.1% in the last three months.​

• In the last 30 days, there have been 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," "hold" and "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 May 9 at 09:22 p.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)