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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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.