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| Monday, October 16, 2006 |
Asyst Technologies Inc stock rose more than 9 percent Monday in the wake of its first-quarter earnings report that shows a narrowed first-quarter loss.
Shares closed at $8.71, up 75 cents, in Fremont-based Asyst (NASDAQ:ASYT), which makes equipment used to transport semiconductor wafers in the manufacturing process.
The company Friday reported a loss of about $500,000, or a penny a share, compared with a loss of $3.7 million, or 8 cents a share last year.
The quarter's financials include $1.8 million in restructuring charges, $3.2 million in amortization expenses and $1.4 million in stock-based compensation expenses.
Excluding expenses, Asyst would have reported income or $4.5 million, or 9 cents a share, up from a loss of $879,000, or 2 cents a share, in the year-ago period.
Revenue was down slightly, to $117 million from $117.5 million last year.
Analysts polled by Thomson First Call expected the company to post, on average, earnings of 8 cents a share on $116.1 million in sales.
Looking forward, Asyst forecast sales of $120 million for the second quarter, and from $125 million to $135 million for the third quarter. Net income for the second quarter is expected to be from $1 million to $2 million, or 2 cents to 4 cents a share.
Asyst expects to release full second-quarter results on Nov. 9. |
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