Luna Innovations Incorporated (NASDAQ:LUNA) is expected to report third quarter earnings results, after market close, on Monday 9th November 2020.
Analysts polled by Thomson Reuters anticipate third quarter income of $ 0.05 per share.
Looking ahead, the full year income are expected at $ 0.21 per share on the revenues of $ 80.60 million.
The Company Outlook
Full Year 2020 topline are forecasted in a range of$ 81.00 million ~ $ 83.00 million
Click Here For More Historical Outlooks Of Luna Innovations Incorporated
Previous Quarter Performance
Luna Innovations Incorporated unwinded income for the second quarter of $ 0.04 per share, from the revenue of $ 18.58 million. The quarterly earnings elevated 100.00 percent while revenues gained 4.32 percent compared with the same quarter last year.
The consensus estimates are income of $ 0.03 per share from $ 18.37 million in revenue. The bottom line results beat street analysts by $ 0.01 or 33.33 percent, at the same time, top line results outshined analysts by $ 0.21 million or 1.14 percent.
Stock Performance
On Friday, shares of Luna Innovations Incorporated has traded high as $ 6.77 and has cracked $ 6.54 on the downward trend, reaching $ 6.71 with volume of 97.60 thousand shares.
According to the previous trading day, closing price of $ 6.71, representing a 48.22 % increase from the 52 week low of $ 4.50 and a 28.43 % decrease over the 52 week high of $ 9.32.
The company has a market capital of $ 206.66 million and is part of the Technology sector and Scientific & Technical Instruments industry.
Conference Call
Luna Innovations Incorporated will be hosting a conference call at 5:00 PM eastern time on 9th November 2020, to discuss its 3Q20 financial results with the investment community. A live webcast with presentations will be available on the Internet by visiting the Company website www.lunainc.com
Luna Innovations Incorporated develops, manufactures, and markets fiber optic sensing, and test and measurement products worldwide. It operates in two segments, Products and Licensing, and Technology Development. The Products and Licensing segment offers test and measurement products, which include optical vector analyzer, optical backscatter reflectometers, and the Phoenix family of tunable lasers; optical distributed sensor interrogator sensing solutions for distributed strain and temperature measurements; and Hyperion sensing solution that enable full-spectrum data acquisition and flexible peak detect algorithms of fiber-bragg grating (FBG), long period FBGs and fabry-perot sensors with low-latency access to data for closed loop feedback applications.
