VSEA's $50,000,000 class action lawsuit Message Board

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Technology Stocks : VSEA's $50,000,000 class action lawsuit

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To: Red Heeler who wrote (8)	1/25/2001 11:38:23 PM
From: Red Heeler	Read Replies (1) of 67

Varian Semiconductor Easily Beats First-Quarter Estimates By Aileen Gallagher Editorial Assistant 1/25/01 6:47 PM ET Earnings Scorecard Actual Estimated* Year-Ago $1.20 $0.96 $0.16 Varian Semiconductor (VSEA:Nasdaq - news) reported first-quarter earnings of $1.20 a share, beating the First Call/Thomson Financial consensus estimate by 24 cents and trouncing year-ago earnings of 16 cents. The semiconductor designer and maker said revenue more than doubled to $228 million from $110 million in the same quarter last year. Net earnings for the quarter rose to $40.1 million from $5.3 million in the year-ago period. The Gloucester, Mass., company warned earlier this month that it expected an annual revenue increase of about 10% year-over-year, a view that mirrored the not-so-rosy outlook coming from many other companies in the semiconductor sector. In the short term, Varian expects revenue for the second fiscal quarter to grow about 15% above the year-ago figure, which was $156.2 million. Varian lost 44 cents in regular session activity on the Nasdaq, where it closed at $25.81. Things were looking up in Island after-hours trading, where the company traded at $27.

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