Ultratech (UTEK) Tops Q1 EPS by 11c

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Ultratech Announces First Quarter 2015 Results

April 23, 2015 9:00 AM EDT

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 April 4, 2015.

For the first quarter of fiscal 2015, Ultratech reported net sales of $41.9 million as compared to $31.6 million during the first quarter of fiscal 2014. Ultratech's net loss for the first quarter of 2015 was $1.7 million, or $(0.06) per share, as compared to net loss of $7.0 million, or $(0.25) per share, for the same quarter last year.

Arthur W. Zafiropoulo,... More