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Technology Stocks : Semi Equipment Analysis -- Ignore unavailable to you. Want to Upgrade?

To: Donald Wennerstrom who wrote (52507)	6/21/2011 5:07:47 PM
From: Donald Wennerstrom	1 Recommendation Respond to of 95656

FSI International 3Q Net Down 30%; Offers Weak 4Q Rev Outlook 4:13 PM ET 6/21/11 \| Dow Jones DOW JONES NEWSWIRES FSI International Inc.'s (FSII) fiscal third-quarter profit slid 30% as sales and gross margins declined, although the bottom line managed to exceed Wall Street's expectations. Still, shares fell 2.2% to $3.60 in after-hours trading as FSI offered a weak outlook for the current quarter. It predicted revenue in a range of $25 million to $30 million, below the $32 million estimate by analysts polled by Thomson Reuters. The microelectronics-equipment maker had warned third-quarter results would be hurt by weaker-than-expected macroeconomic conditions and the impact of an earthquake and tsunami in Japan. FSI, which supplies equipment used at key production steps to make microelectronics, said several customers delayed their product orders during the quarter. For the quarter ended May 28, FSI reported a profit of $4.1 million, or 10 cents a share, down from $5.9 million, or 18 cents a share, a year earlier. Analysts expected a 7-cent profit. Sales decreased 11% to $25.6 million. Earlier this month, FSI lowered its guidance to a range of $25 million to $27 million. Gross margin narrowed to 46.4% from 47.9%.