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<<Q1CY98 EPS est 24-15=9?
<We currently expect that the investments
needed to fund these critical future-oriented efforts, coupled with the
anticipated revenue decline, will reduce our quarterly earnings by $0.10
- $0.15 per share in the first quarter of 1998, as compared to our just
announced fourth quarter." >
Some one help me out here with my math and my anxiety!
Thanks
TI2>>
Thank you Reuters/CYMI for answering the mail!
TI2
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Tuesday February 3, 5:17 pm Eastern Time
CORRECTED - Cymer sees weak Q1
In Jan 29 item headlined ''Cymer (CYMI - news) sees weak Q1 earnings'' please read first paragraph as ''Cymer Inc said Thursday it expects earnings per share for its first quarter to be 10 to 15 percent lower ...'' instead of ''between $0.10 and $0.15 lower than fourth quarter levels ...''
A corrected repetition follows.
SAN DIEGO, Jan 29 (Reuters) - Cymer Inc said Thursday it expects earnings per share for its first quarter to be between 10 percent and 15 percent lower (not $0.10 and $0.15 lower) than fourth quarter levels of $0.24 per diluted share.
The company said in a statement the current Asian economic crisis coupled with the ongoing DRAM supply/demand imbalance, is expected to reduce first quarter revenues by 10 to 15 percent from fourth quarter levels of $59 million.
Cymer also said it plans to increase research and development investments in the coming year and expand its global service and support network.
Earlier Cymer reported fourth quarter net income of $7.2 million, or $0.24 per diluted share, on revenues of $59 million compared to net income of $3.5 million, or $0.12 per diluted share, on revenues of $27.6 million in the year-ago quarter.
Cymer supplies excimer laser illumination sources for deep ultraviolet photolithography.
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More Quotes and News:Cymer Inc (Nasdaq:CYMI - news)Related News Categories: US Market News, international
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