nLIGHT Shares Surge 8% on Strong Earnings

nLIGHTs stock surged by nearly eight percent on November tenth, following a robust third-quarter earnings report. The company, which manufactures lasers, reported a nineteen percent increase in revenue, driven by a fifty percent year-over-year growth in aerospace and defense revenue. nLIGHT also projected a twenty-three percent higher revenue for the next quarter and announced a new fifty-million-dollar contract. Despite broader market caution, nLIGHTs stock has soared by two hundred fifty-nine percent this year, reaching a new fifty-two-week high.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.