Mattson Technology (MTSN) Guides Lowers for Q4

January 4, 2011 4:15 PM EST
Mattson Technology, Inc. (NASDAQ: MTSN) provided preliminary financial information for the Company's fourth quarter ended December 31, 2010. The Company expects to report results for the fourth quarter and the completed fiscal year in early February 2011.

Due to a delay in the shipment of several tools scheduled for DRAM customers, net revenue for the fourth quarter is expected to be approximately $41 million. The Company's fourth quarter guidance, established October 20, 2010, was $46 million to $50 million. Third quarter net revenue was $39.8 million. (Consensus is $49.08 Million)

Similarly, net loss per share is expected to be significantly greater than the previously announced range of ($0.04) to $0.00. (Consensus is a $0.01 loss)

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