LightPath Technologies Analysts Raise Their Forecasts Following Q4 Results
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LightPath Technologies, Inc. (NASDAQ: LPTH) reported a larger-than-expected Q4 loss of 16 cents per share, missing the analyst estimate of 4 cents. However, quarterly revenue of $12.21 million exceeded expectations and increased from $8.63 million year-over-year. Following the earnings announcement, analysts raised their price targets: HC Wainwright & Co. increased theirs from $7 to $8, while Lake Street raised theirs from $4 to $7.5. LightPath shares rose 17.5% to $7.64.
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