Tegal Corporation Reports Q3 EPS of $(0.01)

Tegal Corporation TGAL, today announced financial results for the third quarter and year-to-date fiscal year 2011, which ended December 31, 2010. Revenues for the third quarter of fiscal 2011 were $1.3 million, a decrease from $5.1 million in the same period last year and from $3.2 million in the prior fiscal quarter. Tegal reported net loss of ($0.1) million, or ($0.01) per share, for the quarter, compared to net loss of ($8.8) million, or ($1.04) per share in the same period last year, and a net income of $0.1 million, or $0.02 per share in the prior quarter. Net loss for the nine months ended for the fiscal year 2011 was ($2.4) million, or ($0.29) per share compared to ($13.1) million, or ($1.55) per share in the prior year to date. At the end of the quarter Tegal's cash balance was $7.9 million.
Market News and Data brought to you by Benzinga APIs
Comments
Loading...
Posted In: EarningsNews
Benzinga simplifies the market for smarter investing

Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.

Join Now: Free!