Someone came in in the last half hour and made 3 big purchases driving the price up nearly $2 in a couple minutes. Looks like they bought about 15000 shares a go.
ESI Announces Second Quarter Sales and Earnings
PR Newswire, Thursday, December 17, 1998 at 16:25
PORTLAND, Ore., Dec. 17 /PRNewswire/ -- Electro Scientific Industries,
Inc. (NASDAQ:ESIO) announced sales and earnings for the second quarter, ended
November 30, 1998. Sales were $45.4 million with earnings of $1.8 million or
$0.16 per diluted share compared to prior quarter sales of $45.2 million and
earnings of $1.2 million or $0.11 per diluted share. This compares to sales
of $59.9 million and earnings of $8.0 million or $0.70 per diluted share for
the second quarter of fiscal 1998.
"Like many in our industry we are seeing signs of increasing investment by
our customers in production equipment with a continued focus on capability and
near term value," said Donald R. VanLuvanee, ESI's Chief Executive Officer and
President.
VanLuvanee continues, "In addition, we are seeing production quantity
purchases of our small hole drilling equipment, most notably in our laser
based tools -- revenue in this business is up 27% year-to-date over last
year."
Backlog on November 30, 1998 was $16 million versus $13 million on
August 31, 1998.
Statements in this press release may include forward looking statements
that involve a number of risks and uncertainties that could cause actual
results to materially differ, either better or worse, from those discussed.
Such risks and uncertainties are numerous and are identified in the Company's
Annual Report on Form 10-K and interim reports on Form 10-Q.
About ESI
ESI, headquartered in Portland, Oregon, designs and manufactures
sophisticated products used around the world in electronics manufacturing
including: laser manufacturing systems for semiconductor yield improvement;
production and test equipment for the manufacture of surface mount ceramic
capacitors; laser trim systems for precise electrical tuning of circuits;
precision laser and mechanical drilling systems for electronic
interconnection; and machine vision systems. Electro Scientific Industries is
traded on the Nasdaq National Market System under the symbol, "ESIO." ESI's
web site is esi.com. |
