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Technology Stocks : Earnings: Semiconductor
INTC 39.99-0.4%Oct 31 9:30 AM EST
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To: 2MAR$ who wrote (200)6/11/2003 7:15:26 AM
From: SusieQ1065  Read Replies (1) of 266
 
07:07 ET CYMI Cymer guides Q2 revs below consensus (32.64)
Company lowers Q2 revenue guidance to $58-61 mln (approx 12% lower than previously guided revs of $67.6 mln) vs Reuters Research consensus of $67.3 mln due to ongoing slowness in semiconductor industry. According to CYMI CEO, "As a result of this revenue shortfall, we now expect gross margin to be in a range of 13 percent to 17 percent for the second quarter, in contrast to 17 percent to 22 percent in our April guidance." Co says visibility remains limited, and volatility remains high.
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