Cymer

(CYMI)

easily beat fourth-quarter estimates today, but the company indicated that it expects revenue to stagnate in the first half of the year.

Income for the quarter rose to $20.2 million, or 68 cents a share. The company earned $8.9 million, or 29 cents a share, a year ago. Cymer, a maker of laser sources that are used in semiconductor manufacturing, said earlier this month that it was

TheStreet Recommends

comfortable with the consensus estimate of 60 cents carried by

First Call/Thomson Financial

.

Cymer, which is based in San Diego, posted revenue of $102.2 million, up 31% from fourth-quarter 1999 revenue of $78 million.

The company expects quarterly revenue to remain flat with the fourth quarter through the first half of 2001. But for the full year, Cymer expects revenue to grow 10% to 15%, based on estimates that revenue unit shipments will increase 8% to 12%. The company reported revenue of $367.5 million for 2000.