Intevac. (IVAC) Tops Q1 EPS by 3c

Intevac. (NASDAQ: IVAC) reported Q1 EPS of $0.08, $0.03 better than the analyst estimate of $0.05. Revenue for the quarter came in at $30.4 million versus the consensus estimate of $28.58 million.

• Revenues recognized on INTEVAC VERTEX™ volume production systems for display cover panel;
• Follow-on order received for 12 ENERGi™ solar ion implant systems for 1-Gigawatt capacity expansion;
• Stronger non-system order activity in our core HDD (hard disk drive) business, leading to revenues exceeding guidance;
• Approval of the DELTA-I program, which provides multi-national government funding of our ISIE 19 night-vision sensor in Photonics;
• Favorable gross margin performance and operating profitability in both our Thin-film Equipment and Photonics business segments; and
• Order and evaluation activity leading to a strengthened outlook for full-year revenues and profitability.

For earnings history and earnings-related data on Intevac. (IVAC) click here.

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