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Strategies & Market Trends : Stock Attack II - A Complete Analysis -- Ignore unavailable to you. Want to Upgrade?

To: john722 who wrote (2140)	3/6/2001 7:55:36 PM
From: TARADO96	Respond to of 52237

Not all FO plays are pre-warning: Newport revises 2001 EPS upward after Kensington merger IRVINE, Calif., March 6 (Reuters) - Newport Corp. <NEWP.O>,which makes products used for assembling and testing fiber- optics and semiconductors, on Tuesday revised upward its forecast for 2001 earnings per share. The Irvine, Calif.-based company said now it expects Kensington Laboratories Inc., which it acquired in February, to add 17 cents to 20 cents a share to its 2001 earnings, up from the previous estimate of 15 cents a share. Newport also reaffirmed its previously reported expectation of about $50 million in revenue for Kensington in 2001. Newport made the revised forecast in connection with its announcement on Tuesday that it has revised upward its financial results for 2000 to reflect the audited 2000 results of Kensington Laboratories Inc. The merger with Kensington, which holds more than 20 patents covering advanced robotics and motion control technology, was accounted for as a pooling of interests. Newport had previously announced financial results for 2000 before the Kensington transaction was completed. For the year ended Dec. 31, 2000, Kensington contributed revenues of $31.1 million, bringing Newport's total revenues for the year to $284.0 million, up from the $252.9 million previously reported for Newport alone. Newport said its revised net income rose by $8.5 million, or 15 cents a diluted share, to $36.3 million, or $1.01 per diluted share, from the 86 cents reported for Newport alone before the revision. Newport shares fell $4-5/8 to $39-3/8 on Tuesday in New York Stock Exchange trading. 18:56 03-06-01