From the Boston Globe Business Team
Varian predicts higher earnings
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July 27, 2007 08:31 AM
Chip equipment company Varian Semiconductor Equipment Associates Inc. said it expects fourth-quarter earnings above analysts' expectations.
The company predicts net income of 50 cents per share to 55 cents per share, or between 65 cents per share and 70 cents per share, excluding one-time items.
Analysts polled by Thomson Financial expect a profit of 59 cents per share. Analyst estimates typically exclude one-time items.
Varian expects revenue between $287 million and $297 million.
Analysts predict revenue of $275.6 million. (AP)
