Varian Semiconductor Equipment Associates (VSEA) reported a third quarter net loss of $0.20 per share after the close Thursday, compared to a profit of $0.25 per share in the prior year period. The consensus estimate was for a loss of $0.25. The company expects to report fourth quarter earnings between $0.01 and $0.06 per share, compared to the consensus estimate of a loss of $0.09. Varian Semiconductor Equipment Associates gapped up Friday and climbed throughout the first half of the afternoon. The stock finished up by $2.22 at $32.04 on the highest volume of the year. Shares have been rising for the last 3 weeks and finished at an 11-month high.
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June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.