Intevac. (IVAC) Tops Q2 EPS by 11c
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Intevac Announces Second Quarter 2016 Financial Results
August 1, 2016 4:05 PM EDTSANTA CLARA, Calif.--(BUSINESS WIRE)-- Intevac, Inc. (Nasdaq: IVAC) today reported financial results for the quarter and six months ended July 2, 2016.
The second quarter of 2016 marked an inflection point in the execution of our strategic growth initiatives for our Thin-film Equipment business, commented Wendell Blonigan, Intevacs president and chief executive officer. We booked nine systems, building our Thin-film Equipment backlog to nearly $50 million, its highest level since 2010. We booked multi-unit orders in each of our three equipment end markets. In the hard drive industry, our four-system order reflects our ongoing engagement with... More
