posted second-quarter earnings that trounced analysts' expectations, as strong growth in its test equipment, optical design and test products helped the results.
The Beaverton, Ore., company, which provides measurement systems to the telecommunications, computer and semiconductor industries, said second-quarter earnings rose to $36.7 million, or 38 cents a share, from $15.2 million, or 17 cents a share, in the same period last year. Nine analysts polled by
First Call/Thomson Financial
called for earnings of 29 cents a share for the quarter.
Sales rose to $325.1 million from $253.3 million a year ago.
The company also forecast third-quarter revenue growth of 15% to 17% over the same period a year ago, with operating margins growing 13% to 14%. For the full fiscal year 2001, the company expects revenue growth of about 20% and expects operating margins of about 14%. Analysts on average are expecting full-year 2001 revenue of $1.24 billion, up from $1.12 billion in 2000.
Shares of Tektronix lately traded up $3.13, or 12.5%, to $28.13 on the
New York Stock Exchange