FSI International (FSII) Ups Q3 Outlook, Shares Up 40 percent

FSI International (FSII) shares shot up more than 40% Thursday, a day after the chip equipment maker raised its third-quarter revenue outlook above Wall Street expectations.

Chaska-based FSI International issued guidance expecting Q3 orders to be in the range of $28 million to $30 million, up from $25 million to $27 million prior guidance. Co. said it sees Q3 revenue of $27 million to $29 million, up from its prior view of $23 million to $25 million.

Assuming that FSI Int’l can achieve anticipated gross profit margin and the operating expense levels, the co. expects net income of $5 million to $6 million, compared with prior outlook of $2.5 million to $3 million.

The company is scheduled to report actual third quarters financial results on June 24, 2010.

FSII shares were trading up about 39 percent at $3.86 rtq at 1:28 E.T.  They closed at $2.75 Wednesday on Nasdaq.

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About Ron Haruni 1070 Articles
Ron Haruni is the Co-Founder & Editor in Chief of Wall Street Pit.

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