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Technology Stocks : Verigy, Ltd. (VRGY) -- Ignore unavailable to you. Want to Upgrade?


To: etchmeister who wrote (7)8/8/2007 12:12:20 PM
From: Kirk ©Respond to of 22
 
Verigy Expects 3Q Results Within Outlook

I added on this sell-off... perhaps at a price for a PE of 10!

Wednesday August 8, 11:00 am ET
Verigy Expects 3rd Quarter Results Within Previously Issued Guidance Range
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CUPERTINO, Calif. (AP) -- Verigy Ltd. said Wednesday that the semiconductor test company expects to report third-quarter results within range of its past forecasts.
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Verigy shares jumped $1.09, or 5.2 percent, to $22.03 in morning trading. The stock has traded between $14.37 and $30.25 during the past 52 weeks.
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According to preliminary financial results, Verigy expects third-quarter earnings of 43 cents to 48 cents per share. After excluding charges related to the company's spin-off from Agilent Technologies last year, Verigy continues to expect earnings to total 45 cents to 50 cents per share.

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Third-quarter revenues are expected in the range of $201 million to $203 million. Previously, the company predicted revenue in the range of $195 million to $205 million.
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Analysts surveyed by Thomson Financial, who typically exclude extraordinary items, forecast quarterly earnings of 48 cents per share on revenue of $200.7 million.
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Verigy will release its complete results on Aug. 22.
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To: etchmeister who wrote (7)5/22/2009 9:40:56 AM
From: Kirk ©Respond to of 22
 
Verigy posts smaller-than-expected fiscal 2Q loss
Verigy fiscal 2nd-quarter results top analysts' expectations, shares jump after-hours

* On Thursday May 21, 2009, 6:26 pm EDT

CUPERTINO, Calif. (AP) -- Verigy Inc., which makes test equipment for semiconductor makers, on Thursday reported a fiscal second-quarter loss, reversing a year-ago profit, as demand dropped for its products and services. But the results were better than analysts expected, sending Verigy shares up $1.24, or 11 percent, in after-hours trading.

For the quarter that ended April 30, Verigy reported a loss of $30 million, or 52 cents per share, compared with a profit of $14 million, or 23 cents per share, in the year-ago quarter. Results in the most recent quarter include $4 million in charges related to its restructuring moves, and a $1 million one-time tax adjustment.

Excluding these charges, Verigy's loss totaled 44 cents per share.

Verigy said its revenue sank 56 percent to $71 million, as products revenue fell nearly 66 percent to $42 million and services revenue dropped nearly 28 percent to $29 million.

But the results still beat the average estimates of analysts polled by Thomson Reuters, who forecast a loss of 65 cents per share on $61.6 million in sales.

Looking ahead, the company expects revenue in the third quarter to grow 10 percent to 25 percent from the second quarter, which implies sales between $78.1 million and $88.8 million. That's well above analysts' average estimate of $67.6 million.

Verigy shares closed regular trading down 33 cents at $11.31.