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Aehr Test Systems Reports Wider Q2 Loss

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1/5/2012 4:17 PM ET

Semiconductor test equipment supplier Aehr Test Systems (AEHR: Quote) Thursday reported a net loss for the second quarter of $1.4 million or $0.15 per share, wider than the loss of $0.8 million or $0.09 per share in the year-ago quarter.

On a non-GAAP basis, net loss for the quarter was $1.2 million or $0.13 per share, compared with the loss of $0.5 million or $0.06 per share last year.

Net sales for the quarter grew to $3.9 million from $3.6 million in the year-ago quarter.

Rhea Posedel, executive chairman, said of the new CEO, Gayn Erickson," We are fortunate to have attracted Gayn, who brings 23 years of semiconductor test and general management experience to our company. We are confident that he will do an outstanding job and has the management skill set needed to take Aehr Test to the next level."

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by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

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Starbucks Corp. said Thursday after the markets closed that its second quarter profit rose 9.4% from last year, helped by higher revenue. The company's quarterly earnings per share came in line with analysts' expectations, but its quarterly revenue fell short of analysts' forecast. The world's largest specialty coffee retailer also raised its full year earnings outlook. Software giant Microsoft Corp. said Thursday after the markets closed that its third quarter profit fell 6.6% from last year, when results were boosted by special upgrade offer revenues. However, the company's quarterly earnings per share came in above analysts' expectations as did its quarterly revenue. Apple Inc. said Wednesday after the markets closed that its second quarter profit rose 7% from last year, as sales surged and margins improved amid strong sales of its iPhones. The company's quarterly earnings per share also came in above analysts' expectations as did its quarterly revenue. At the same time, the company gave a slightly downbeat revenue forecast for the current quarter.
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