PRI Automation Reports Third Quarter Results
BILLERICA, Mass., July 24 /PRNewswire/ -- PRI Automation, Inc. (Nasdaq: PRIA - news; Toronto: PRJ - news), a global leader in advanced automation systems, software, and services to the semiconductor industry, today reported financial results for the third quarter ended July 1, 2001.
Net revenues for the third quarter of fiscal 2001 were $75.2 million, down 15.4 percent from $88.9 million in the third quarter of fiscal 2000. Net loss for the quarter was $14.2 million, or $0.56 per diluted share, compared with net income of $9.8 million, or $0.38 per diluted share in the third quarter of fiscal 2000. Cash increased from $42.5 million at the end of the second quarter to $62.9 million at the end of the third quarter.
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