Ultratech Posts Q3 Loss - Quick Facts

(RTTNews) - Ultratech, Inc. (UTEK), a supplier of semiconductor equipments and materials, Thursday posted a loss for the third quarter, as revenue fell in all its segments.

For the three-month period, the company reported net loss of $7.7 million or $0.28 per share, compared with net income of $12.4 million or $0.45 per share last year.  

On average, six analysts polled by Thomson Reuters expected the company to report earnings per share of $0.04 for the quarter. Analysts' estimates typically exclude one-time items.

Net sales decreased to $29.7 million, from $60.5 million a year ago. Analysts expected the company to report revenues of $42.75 million for the quarter.

"Despite recent reports of strengthening in the memory segment of the semiconductor market, we continue to be impacted by the pause in capital equipment spending that is occurring within the logic sector of the market," commented Arthur W. Zafiropoulo, Chairman and Chief Executive Officer of Ultratech.