Cymer Beats Estimates (CYMI)

Cymer Inc. CYMI reports Q3 earnings of $0.70 versus consensus of $0.63. Cymer Inc. reports revenues of $141.7 million versus consensus of $137.24 million. "We executed well during the quarter, delivering solid financial performance. Our Installed Base Products revenue continued to increase as pulse utilization remained high, the mix of ArF pulses increased, and the active installed base of light sources continued to grow. Combined sales of our deep ultraviolet (DUV) ArF immersion and KrF light sources rose as chipmakers continued their investment in technology and capacity additions in support of existing fab expansions and new fab build-outs." In addition, "We shipped a third extreme ultraviolet (EUV) 3100 source to ASML and are proceeding this quarter with the installation of our first 3100 source at a memory manufacturer," concluded Akins. In the after-hours session, CYMI is gaining 34 cents to trade at $36.88.