Here is more evidence of robust equipment spending:
Electro Scientific Indus 1Q Oper Net 68c/Shr Vs Net 49c
Electro Scientific Industries Inc. - Portland, Ore.
1st Quar Aug. 31:
1997 1996
Sales $48,356,000 $36,199,000
Net income a (3,861,000) 4,603,000
Avg shrs 9,842,000 9,355,000
Shr earns
Net income a (.39) .49
Figures in parentheses are losses.
Electro Scientific Industries Inc.
a. Includes charges of $11.1 million related to the acquisition of Chip Star Inc. and Dynamotion Corp. in June 1997. Excluding the charge, pro forma net income was 68 cents a share.
Here is their profile:
Electro Scientific Industries (ESI) manufactures equipment necessary to produce components used in wireless telecommunications, computers, automotive electronics, and many other electronic products. Products include laser systems used to trim electronic circuitry, high-speed test and handling equipment used to produce miniature capacitors, and machine vision products and laser micromachining systems for electronics manufacturers. Major ESI customers include wireless telecommunications companies Ericsson, Motorola, and Siemens; automotive electronics producers Bosch, Delco, and Ford; and capacitor makers Kemet,
Kyocera/AVX, Murata, Philips, and Samsung. ESI sells to customers in the US and 30 foreign countries.
PS: Earnings were 3 cents above Zacks est.
Larry M. |
