Varian Semiconductor Equipment Associates Inc. (VSEA) reported first-quarter net income of $16.622 million or $0.22 per share compared to a loss of $13.558 million or $0.19 per share last year.
On average, 11 analysts polled by Thomson Reuters expected the company to report profit of $0.19 per share for the quarter. Analysts' estimates typically exclude special items.
Total revenue increased to $141.268 million from $107.441 million a year ago. Analysts expected revenue of $140.92 million for the quarter.
The company expects second quarter revenue to be between $186 million and $196 million. Earnings per share are anticipated to range from $0.38 to $0.43.
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