Mattson Technology Earnings: Here’s Why Shares are Down Now

Mattson Technology Inc. (NASDAQ:MTSN) had a loss and beat Wall Street’s expectations, BUT came up short on beating the revenue expectation. The revenue miss is a negative sign to shareholders seeking high growth out of the company. Shares are down 0.45%.

Mattson Technology Inc. Earnings Cheat Sheet

Results: Adjusted Earnings Per Share decreased to $-0.05 in the quarter versus EPS of $-0.04 in the year-earlier quarter.

Revenue: Decreased 29.47% to $24.6 million from the year-earlier quarter.

Actual vs. Wall St. Expectations: Mattson Technology Inc. reported adjusted EPS loss of $0.05 per share. By that measure, the company beat the mean analyst estimate of $-0.06. It missed the average revenue estimate of $24.86 million.

Quoting Management: “The second quarter of 2013 was in-line with our expectations at this point in the cycle and, with the majority of our cost reduction efforts behind us, we are well positioned for growth when customer demand accelerates,” noted Fusen Chen, Mattson Technology’s president and chief executive officer. “We continue to focus on strengthening our positions at key customers while providing cost-effective and innovative solutions to our customers’ needs to expand our positions further.”

Key Stats (on next page)…

Revenue increased 21.54% from $20.24 million in the previous quarter. EPS increased to $-0.05 in the quarter versus EPS of $-0.12 in the previous quarter.

Looking Forward: Analysts have a more negative outlook for the company’s next-quarter performance. Over the past three months, the average estimate for next quarter’s earnings has fallen from a loss of $0.01 to a loss $0.02. For the current year, the average estimate has moved down from a loss of $0.16 to a loss of $0.18 over the last ninety days.

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(Company fundamentals provided by Xignite Financials. Email any earnings discrepancies to earnings [at] wallstcheatsheet.com)

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