Electro Scientific Beats Estimates - TheStreet

Electro Scientific Industries

(ESIO) - Get Report

, a maker of products used in electronics manufacturing, reported earnings for the second quarter that beat Wall Street's expectations.

The company, which is based in Portland, Ore., said it earned $27 million, or $1 a share, in the quarter, up from $6.9 million, or 26 cents a share, in the year-ago period.

Analysts polled by

First Call/Thomson Financial

expected Electro Scientific to earn 87 cents a share. Sales rose to $139.6 million from $66.9 million in the same period last year.