LTX swings to loss

Semiconductor-testing equipment maker LTX Corp. said Thursday its fiscal fourth-quarter results swung to a loss, hurt by weaker sales.

For the three months ended July 31, the company reported a loss of $4.2 million, or 7 cents per share, compared with a profit of $13.9 million, or 22 cents per share, in the year-ago period.

Sales for the quarter fell 55 percent to $30.1 million from $67.4 million the same period last year.

For the fiscal full year, LTX reported a loss of $10.7 million, or 17 cents per share, compared with earnings of $12.2 million, or 20 cents per share, in fiscal 2006.

Sales for the year totaled $147.6 million, down 32 percent from $216.5 million last year.

LTX's fourth-quarter results reflect continued weakness in the semiconductor test market, said Chief Executive David G. Tacelli in a release. But he is encouraged by the number of products the company's customers have in the pipeline that will require testing. (AP)