boosted its third-quarter outlook on what it called a "late-quarter acceleration in customer demand."
The semiconductor parts maker said it now expects to earn between 6 cents and 9 cents a share on revenue of $91 million to $96 million, up from previous guidance of break-even results on revenue of $75 million to $90 million.
According to Thomson Financial/First Call, analysts had been expecting earnings of 1 cent a share on revenue of $84.30 million.
In a press release, Varian said, "Customers are asking for early delivery of our tools." Despite the demand upswing, the company said that visibility had not improved beyond what was previously reported, adding that its "focus is to continue to maximize operational efficiencies at current business levels."
Shares of Varian closed at $35.09 Thursday.