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Technology Stocks : Ultratech Stepper
UTEK 30.230.0%Jun 5 5:00 PM EST
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To: Ian@SI who wrote (3511)10/22/2015 4:14:20 PM
From: Kirk ©   of 3696
 
In the "good old days" before the big semis moved most variable cost to make new gear offshore or outsourced, layoff announcements were usually long-term buy signals.

9:03 am Ultratech beats by $0.10, misses on revs ( UTEK) :

Reports Q3 (Sep) loss of $0.05 per share, excluding non-recurring items, $0.10 better than the Capital IQ Consensus of ($0.15); revenues fell 2.1% year/year to $33.1 mln vs the $35.65 mln Capital IQ Consensus. "However, the uncertainty surrounding the global economic environment and resulting capacity issues in the semiconductor industry have affected our business as a whole, and as a result, we made the difficult decision to reduce our workforce as part of our efforts to meet this challenging environment."Co received an order for multiple Superfast 4G inspection systems from a memory manufacturer.

finance.yahoo.com
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