|From: jjkool_01 (Rep: 1211)||Date: 04/13/2010 09:48|
|Forum: Orbotech - Msg #12||Thread #672959031 (Rec: 0) |
|Increases guidance, expects record revs this Q of $103M|
In its fourth quarter and full year 2009 results announcement, the Company indicated that its printed circuit board (“PCB”) manufacturing customers were continuing to report high plant utilization rates and that many liquid crystal display manufacturers had begun to solidify their capital expenditure plans for the next phase of investment.
Towards the end of March and into early April, the Company has been experiencing stronger-than-anticipated demand for its PCB solutions, particularly its direct imaging systems, and increased bookings for its flat panel display equipment. As a result of these developments, and the overall strengthening of the trends mentioned above, Orbotech expects to record revenues for the first quarter of 2010 of approximately $103 million and that its revenues for the full year will be in the range of $460 - 470 million.
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