Excel Technology beats Q1 profit expectations by a penny

Excel Technology, Inc. (Nasdaq:XLTC) shares are down slightly after the maker of scientific and industrial laser systems reported first-quarter net income of $4.3 million, or $0.39 per share, versus $4.7 million, or $0.38 per share, a year earlier. Wall Street analysts expected the E. Setauket, N.Y.-based company to post earnings of $0.38 per share.

In Tuesday afternoon trading, XLTC shares are down 1.34%, or $0.33, at $24.34. For detailed price information and recent news stories about Excel Technology, click XLTC.

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