Intevac. (IVAC) Tops Q3 EPS by 8c

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Go back to Intevac. (IVAC) Tops Q3 EPS by 8c

Intevac Announces Third Quarter 2018 Financial Results

October 29, 2018 4:05 PM EDT

SANTA CLARA, Calif.--(BUSINESS WIRE)-- Intevac, Inc. (Nasdaq: IVAC) today reported financial results for the quarter and nine months ended September29,2018.

Our third-quarter results were better than forecast, with stronger levels of upgrades in our Hard Disk Drive (HDD) equipment business, higher Photonics gross margin, and continued close control of expenses, commented Wendell Blonigan, president and chief executive officer of Intevac. We made significant progress in our Thin-film Equipment (TFE) growth initiatives during the third quarter, and witnessed increasing interest in the differentiated decorative coatings enabled by our system, including transitioning and... More