GSI Group Q4 Profit Declines; Issues Q1, FY14 Revenue Outlook - Quick Facts

(RTTNews) - GSI Group Inc. (GSIG) Tuesday reported fourth-quarter net income attributable to the company of $4.3 million or $0.13 per share, compared to $15.8 million or $0.47 per share in the same period last year.

Non-GAAP net earnings for the latest fourth quarter was $0.18 per share, up from $0.09 per share in the prior year quarter. On average, four analysts polled by Thomson Reuters expected the company to report a loss of $0.14 per share for the quarter. Analysts' estimates typically exclude special items.

Sales dropped to $87.71 million from $66.41 million last year, while four analysts expected revenues of $88.01 million.

Looking ahead to the first quarter, the company expects revenue from continuing operations of between $75 million and $77 million, representing year-over-year organic growth of 1% to 3%. Analsys currently expect first quarter revenue of $87.74 million.

For the fiscal 2014, the company expects revenue from continuing operations of between $360 million to $370 million, representing year-over-year revenue growth of 14% to 17% on a reported basis. Analysts currently expect full-year revenues of $361.24 million.