TWAV looks to be more optimistic about the 1st Q than RTEC.
Rudolph's Q4 sales drops 29% over Q3, but expects 5-10% growth in Q1
Semiconductor Business News
(01/28/02 16:32 p.m. EST)
FLANDERS, N.J. -- Rudolph Technologies Inc., a supplier of metrology equipment for IC production, today reported sales of $10.7 million for its fourth quarter ended Dec. 31, down 29.1% from $15.1 million in the previous period and a 63% decline from $28.9 million in the fourth quarter of 2000.
Net income exceeded the company's guidance and was $662,000, or $0.04 per diluted share, in the quarter, compared to $5.7 million, or $0.36 per diluted share, a year ago.
For the year, Rudolph reported sales of $79.4 million in 2001, compared to $88.1 million for 2000. It reported a net of $11.7 million, or $0.71 per diluted share, compared to $13.9 million, or $0.88 per diluted share on a pro forma basis for the year-ago period.
The lower year-over-year results were due to reduced capital equipment spending by semiconductor chip manufacturers and push-outs and cancellations of existing orders.
The company currently anticipates its sales will be up 5-10% for the first quarter, which ends March 31. It is expected to report earnings of 0-to-3 cents per diluted share during the first period.
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Therma-Wave's Q4 sales falls 49% over Q3, but expects 0-20% jump in Q1
Semiconductor Business News
(01/28/02 16:52 p.m. EST)
FREMONT, Calif. -- Therma-Wave Inc. reported sales of $11.1 million for its third fiscal quarter ended Dec. 31, down 80.5% from $57 million in the like period a year ago and a 48.8% decline from $21.7 million in the previous period.
Net loss was $11 million, or minus $0.45 per diluted share, for the quarter, compared to net income of $12.3 million, or $0.49 per diluted share, a year ago.
"Unquestionably, this quarter was difficult for our industry and for our company," said Martin Schwartz, president and CEO. "We believe we may have seen the bottom of the downturn and, although we have not seen major order increases, we are optimistic that our business is beginning to look more promising," he said.
"However, our acquisition of Sensys Instruments Corp., which was announced during the quarter and closed January 16, 2002, significantly strengthens Therma-Wave's position in the emerging area of integrated metrology," he said.
"We expect revenues to be flat to up by 20% in our fourth fiscal quarter and net earnings per share loss including Sensys, but excluding charges related to the acquisition of Sensys, to be flat to improved by possibly 20%," he said. |
