LightPath Tech shines on strong Q4 results

LightPath Technologies

11/09/2020 12:05

** Industrial lens maker's shares  LTPH.O  rise ~8% to $2.42
in premarket trading
    ** LTPH's quarterly profit beats estimates for third
straight qtr, revenue also exceeds expectations
    ** Results driven by strength in co's infrared and visible
precision molded optics businesses  urn:newsml:reuters.com:*:nACSHbKcba
    ** Also keeps tight lid on costs, operating expenses fall
~26%
    ** Stock among best performers across U.S. exchanges
    ** Stock has more than tripled YTD

 (Reporting by Abhishek Manikandan in Bengaluru)
 ((Abhishek.Manikandan@thomsonreuters.com))