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midastouch017

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midastouch017

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Sunday, 03/05/2006 2:50:48 AM

Sunday, March 05, 2006 2:50:48 AM

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Camtek raises guidance for 2006 to $90-100 million sales

05.3.06 | 09:37 By Shirley Yom-Tov

A strong start this year has induced Camtek (Nasdaq: CAMT) to raise its guidance for 2006. The company announced last week that first-quarter 2006 revenues should be in the range of $22-24 million, compared with its earlier estimate of $20-23 million.

For the year, it expects to achieve $90-100 million sales, compared with $85-95 million in its previous guidance.

If it meets the upper end of its guidance range, growth would be 59% against 2005.

For the fourth quarter, Camtek - which makes technology to test chips and printed circuits - reported near-record revenues of $19.4 million, up 10% from $17.6 million in the fourth quarter of 2004, and sequentially up 10% from $17.7 million in the quarter ended September 30, 2005.

It netted $2.1 million, or $0.07 per share, in the fourth quarter of 2005, down from $3 million, or $0.11 per share, in the fourth quarter of 2004. Third-quarter net profit was $1.5 million, or $0.06 per share.

Revenues for the year 2005 were $63 million, down 6.5% from $67.4 million for 2004. It netted $2.7 million or $0.10 per share, compared to $10.8 million, or $0.39 per share in 2004.

While announcing its results, Camtek revealed that Ronit Dulberg will be replacing Moshe Amit as chief financial officer. Amit will maintain his current position as executive vice president.

http://www.haaretz.com/hasen/spages/690276.html

Dubi
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