The Livermore, Calif., maker of wafer probe cards posted net income of $15.8 million, or 33 cents a share, including FAS 123R stock option expenses. This was in line with the average analyst estimate of 33 cents a share from Thomson First Call and an increase from the $9.8 million, or 23 cents a share, in the prior-year period, which was prior to the adoption of FAS 123R.
Revenue was $96.8 million, up from $62.4 million in the third quarter of fiscal 2005. Analysts were looking for $94.7 million in revenue.
Bookings for the third quarter of fiscal 2006 were $90.5 million, down sequentially from the $96.5 million in bookings in the second quarter but up from the $62.9 million in bookings in the third quarter of 2005.
Shares were down $2.41, or 5.6%, at $40.50 in recent after-hours trading Wednesday.