67 F
San Diego
Thursday, Oct 6, 2022
-Advertisement-

Cymer Reports Best Year in Company History

Cymer Inc., a San Diego maker of excimer laser light sources used in semiconductor manufacturing, reported fourth-quarter net income of $25.4 million on revenue of $137.4 million Jan. 31.

The quarterly net profit was up 45 percent from 2005’s fourth quarter, while the revenue increase was 34 percent above that in the like period of 2005.

For the full year, Cymer reported net income of $95.6 million, up 105 percent compared with the prior year. Annual revenue was $543.8 million, up 42 percent from the total in 2005.

“2006 was far and away the best year in Cymer’s history in meeting our customers’ needs and by virtually every financial metric,” said Chief Executive Officer Bob Akins.

- Advertisement -

Akins said that while demand in 2007 will be relatively flat to slightly down for Cymer products, overall revenues should increase.

For the first quarter, Akins said revenues should rise up to 5 percent compared with the level of the fourth quarter.

Cymer shares, traded under CYMI on Nasdaq, rose by $1.83 to $42.23 after the market closed Jan. 31. Its 52-week range was $33.75 to $56.69.

, Mike Allen

-Advertisement-

Featured Articles

-Advertisement-
-Advertisement-

Related Articles

-Advertisement-
-Advertisement-
-Advertisement-