RE:CYMI: Major Broker increased estimate for fiscal year ending
12/97 from $0.76 to $0.79 on 10/24/97
Crazy! Cymer made $0.62 in the first nine months of '97. This broker
says they will make $0.17 in Q4. I really don't think so.
1997 Nine Months 3Q 97A 4Q 97 E 1998 E
Lasers shipped 323 126 128 600
ASP 441 444 444 441
Cost 274 284 283 260
Margins 37.87% 36.04% 36.26% 41.04%
Revenues:
Product Sales $142,443 $55,944 $56,832 $264,600
Other 2033 1406 1500 8000
Total Revenues $144,476 $57,350 $58,332 $272,600
Costs and Expenses
Cost of Product Sales $88,502 $35,784 $36,224 $156,000
Research and Development 17352 6760 6900 29308
Sales and Marketing 8321 3306 3320 13000
General and Administrative 5880 2024 2040 8775
Total Costs and Expenses$120,055 $47,874 $48,484 $207,083
Operating Income $24,421 $9,476 $9,848 $65,517
Other Income(Expense)
Foreign Currency Exchange -396 -311 -300 0
Interest and Other Income 2883 1679 1600 4000
Interest and Other Expense-2018 -1743 -1750 -7000
Total Other Income 469 -375 -450 -3000
Income before Taxes $24,890 $9,101 $9,398 $62,517
Income Tax 25% tax -6253 -2266 -2349.5 -23131(37%)
Minority Interest 124 124 124 160
Net Income $18,761 $6,959 $7,173 $39,546
Earnings Per Share $0.62 $0.23 $0.24 $1.30
Shares 30,329 30,503 30,500 30,500
97 full year 97-98 earnings growth
$0.85 53.13%
I am unsure about interest in '98.
Please help me correct any errors,
Bob |
