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Article: Cascade Microtech Announces Preliminary Fourth Quarter 2005 and Year End Financial Results.
- Article from:
- Business Wire
- Article date:
- January 10, 2006
CopyrightCOPYRIGHT 2006 Business Wire. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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BEAVERTON, Ore. -- Cascade Microtech, Inc. (Nasdaq:CSCD) today announced its preliminary results for the fourth quarter and year ended December 31, 2005.
Revenue for the fourth quarter of 2005 is expected to be approximately $17.7 million and earnings per share for the fourth quarter are expected to be $0.11 per fully diluted share. The Company provided guidance on October 26, 2005, for revenue of $18.8-$20.0 million and diluted earnings per share of $0.15-$0.20. The revenue shortfall was caused by delays in orders and shipments in the Company's Engineering Products Division, primarily in Japan. The earnings shortfall was primarily due to the lower revenue.
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