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.
PD $$65~$76~$75 reduces Q4 guidance, copper production below consensus (PD) 154.55 : Co issues downside guidance for Q4 (Dec), sees EPS of $3.05-3.35, excluding a $2.05 charge, down from previous guidance of $4.38-4.63, vs. $4.72 Reuters Estimates consensus. Total Q4 copper production was 613 mln pounds, 37 mln pounds below the low end of previous guidance.
"Copper prices during the fourth quarter averaged $1.95 per pound on the London Metal Exchange and $2.03 per pound on the New York Commodity Exchange, while fourth quarter guidance was based on a projection of $1.80 per pound".
7/27 FORM $40 beats by $0.04, beats on revs (35.40 -2.08) : Reports Q2 (Jun) earnings of $0.32 per share, $0.04 better than the Reuters Estimates consensus of $0.28; revenues rose 76.7% year/year to $92.4 mln vs the $88 mln consensus. Bookings rose 66% year/year to $96.5 mln
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