Electro Scientific Industries
, 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.