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
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.