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Technology Stocks : Varian Semiconductor Equipment Associates -- VSEA

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To: etchmeister who wrote (1825)6/21/2007 6:45:12 PM
From: Proud_Infidel  Read Replies (1) of 1929
 
Varian Semiconductor cuts Q3 profit view on tax charges
Thu Jun 21, 2007 5:31pm ET

June 22 (Reuters) - Varian Semiconductor Equipment Associates Inc. (VSEA.O: Quote, Profile , Research) slashed its third-quarter earnings outlook due to tax charges from the realignment of its legal entity structure, but raised its revenue estimate.

The chip equipment maker now sees earnings of 26 cents to 29 cents a share, down from its prior view of 59 cents to 65 cents a share.

The company sees third-quarter revenue of to $283 million to $289 million, up from its prior view of $271 million to $286 million. (Reporting by Neetha Mahadevan in Bangalore)
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