Ultratech (UTEK) Reports In-Line Q3 EPS

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Ultratech Announces Third Quarter 2016 Results

October 20, 2016 9:00 AM EDT

3Q 2016 Revenue of $48.6 million, up 47% year-over-year

3Q 2016 GAAP Net Income of $5.5 million; Non-GAAP Net Income of $8.0 million

3Q 2016 GAAP EPS of $0.20; Non-GAAP EPS of $0.29

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 October 1, 2016.

For the third quarter of fiscal 2016, Ultratech reported net sales of $48.6 million as compared to $33.1 million during the third... More