Ultratech (UTEK) Tops Q3 EPS by 10c

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Go back to Ultratech (UTEK) Tops Q3 EPS by 10c

Ultratech Announces Third Quarter 2015 Results

October 22, 2015 9:01 AM EDT

Implements Global Reduction in Workforce of 10%

Receives Multi-system Order for Superfast 4G Inspection for 3D NAND Memory Customer

SAN JOSE, Calif.--(BUSINESS WIRE)-- Ultratech, Inc. (Nasdaq: UTEK) a leading supplier of lithography, laser-processing and inspection systems used to manufacture semiconductor devices and high-brightness LEDs (HB-LEDs), today announced unaudited results for the three-month period ended October 3, 2015.

For the third quarter of fiscal 2015, Ultratech reported net sales of $33.1 million as compared to $33.8 million during the third quarter of fiscal 2014.

On a GAAP... More