More good news, he said tongue-in-cheek:
Cymer sees Q3 revs, margins at low end of guidance
SAN DIEGO, Sept 6 (Reuters) - Cymer Inc. (NasdaqNM:CYMI - news), the world's leading supplier of excimer light sources used in semiconductor manufacturing, said on Thursday it expects third-quarter revenue and gross margin to be in line with the lower end of the range of guidance provided in July.
The company also said that certain expenses will be at the higher end of their ranges.
Cymer Chairman and CEO Bob Akins said, ``As of today's date, the third quarter has developed, with a few exceptions, according to our expectations. We have seen a number of system pushouts, and a somewhat larger than anticipated decline in sales of spares and consumables. Therefore, we now expect third quarter revenue to be between 24 percent and 26 percent below the $70,411,000 recorded in the second quarter.''
He said the company also anticipates that gross margin will be at the lower end of the 37 percent to 40 percent range of previous guidance, while expenses such as research and development costs and sales, general and administrative costs are currently trending toward the high end of the range. The company said it continued to expect to post a loss for the third quarter and will report those results Oct. 23.
Akins also said, ``If current trends continue, we would expect fourth-quarter revenue to decline from the levels expected in the third quarter.'' |
