MTSN ( $12-$9.50) -$1.50 EPS reports Q2 loss as bookings drop 30 pct
FREMONT, Calif., Aug. 14 (Reuters) - Mattson Technology Inc. (NasdaqNM:MTSN - news), a maker of semiconductor equipment, on Tuesday reported a second-quarter net loss compared with a profit a year ago, as bookings dropped 30 percent.
The Fremont, Calif.-based company reported a second-quarter net loss of $27.1 million, or 74 cents per share, excluding certain accounting adjustments.
Including the adjustments, the company reported a second- quarter net loss of $33.1 million, or 90 cents per diluted share, compared with net income of $2.9 million, or 13 cents per share, in the year-ago quarter. Net sales for the quarter before adjustments were $96.9 million, compared with $122.6 million in the first quarter and $50.1 million in the second quarter of 2000.
Bookings for the second quarter were $45.8 million, compared with $65.7 million for the second quarter of 2000.
``Although our visibility into the market is very limited at this time, we anticipate that revenue for the third quarter to be down 10 percent to 20 percent from the second quarter, on a shipment basis and bookings are forecast to be flat at $45 million to $50 million,'' said Brad Mattson, chief executive officer. |
