Cymer (CYMI) Reports Strong Q3 Earnings;
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Cymer, Inc. (Nasdaq: CYMI) reports Q3 EPS of $0.36 vs. consensus of $0.17. Revenues were $92.33 million vs. $82.20 million consensus.
Commenting on third quarter results, Bob Akins, Cymer's chief executive officer, said, "Demand for our XLR immersion lithography light sources and Installed Base Products rose sharply during the quarter. The higher level of demand was driven by increased investment from the foundry and memory sectors in support of transitions to the 5x nanometer node and below. Our leaner, more efficient business operations contributed to the company's strong third quarter financial performance while preserving our ability to continue to strategically invest in extreme ultraviolet (EUV) development and TCZ commercialization."
As of September 30, 2009, cash and investments totaled $158 million, which increased $9 million from June 30, 2009.
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