Ultratech (UTEK) Tops Q1 EPS by 14c

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Go back to Ultratech (UTEK) Tops Q1 EPS by 14c

Ultratech Announces First Quarter 2016 Results

April 21, 2016 9:00 AM EDT

Results driven by positive momentum across all major product lines

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 2, 2016.

For the first quarter of fiscal 2016, Ultratech reported net sales of $45.2 million as compared to $41.9 million during the first quarter of fiscal 2015.

On a GAAP basis, Ultratech's net loss for the first quarter of fiscal 2016 was $1.2 million, or... More