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Technology Stocks : Semi Equipment Analysis

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To: Return to Sender who wrote (54711)	11/22/2011 8:25:07 AM
From: The Ox	2 Recommendations of 95536

UPDATE 1-LTX Credence sees wider-than-expected Q2 loss Tue Nov 22, 2011 7:39am EST * Sees Q2 loss/shr $0.15-$0.20 vs est. loss/shr $0.7 * Sees Q2 rev $26-$30 mln vs est. $35.6 mln * Q1 loss/shr $0.08 vs est. loss/shr $0.07 * Q1 rev $33.75 mln vs $37.1 mln Nov 22 (Reuters) - Semiconductor testing company LTX Credence Corp posted a wider-than-expected quarterly loss and said weak economic conditions would hurt it in the second quarter as well. In August, the company had said it was expecting a loss on account of delayed purchases from chipmakers, as demand for computers and other devices weakened. The company expects second-quarter loss of 15-20 cents a share on revenue of $26-$30 million. Analysts on average were expecting a loss of 7 cents a share on revenue of $35.6 million, according to Thomson Reuters I/B/E/S. For August-October, it reported a loss $4.9 million, or 10 cents a share, compared with earnings of $19.7 million, or 39 cents a share, a year ago. Excluding items it reported a loss 8 cents a share. Sales fell 46 percent to $33.75 million. Analysts on average had expected loss of 7 cents a share on revenue of $37.1 million. Shares of Milpitas, California-based company closed at $5.80 on Tuesday on Nasdaq.

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