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Thursday, Oct 6, 2022
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Cymer Net Income at $5.39M

Cymer Inc., the San Diego company that makes equipment to create microchips, reported net income of $5.39 million, or 14 cents per diluted share, on revenue of $84.8 million during the first quarter.

In the year-ago period, Cymer had net income of $7.16 million, or 19 cents per diluted share, on revenue of $87.9 million.

Cymer makes laser light sources for microchip foundries, and deals in ancillary products and services. During the recent quarter, Rancho Bernardo-based Cymer sold 48 of the big machines, which carry an average price tag of nearly $1 million. In the year-ago quarter the company sold 70 of the machines.

Cymer stock closed at $25.48 Tuesday; the company released earnings news after the close. Shares opened Wednesday at $25.85 but had fallen to $25.02 by 9:45 a.m. Cymer’s Nasdaq symbol is CYMI.

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Brad Graves

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