EPS & Earnings ... Hits & Misses

[madrose1]

MTSN $13.50~$12~$10.75... earnings of $0.11 per share, revenues fell 27.5% year/year to $51.8 mln vs the $49.7 mln consensus. Net income for the quarter included a $0.1 mln gain from an additional earn-out payment received from the sale of our Wet Business in March 2003 and a benefit of $3.0 mln related to the release of a portion of the valuation allowance against deferred tax assets. Q4 gross margin was 40.6%. Co issues in-line guidance for Q1, sees Q1 revs of $52-57 mln vs. $54.40 mln consensus. Gross margin in





Mattson tgt upped to $19 at Needham (MTSN) 13.27 : Needham raises their MTSN tgt to $19 from $11 following Q4 results, as they believe the co continues to do an excellent job of execution and has had good growth in market share.