Reuters: Global Markets: FSI shares rise on strong Q2 results

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FSI shares rise on strong Q2 results Mar 21st 2012, 14:36 Wed Mar 21, 2012 10:36am EDT (Reuters) - Shares of FSI International Inc (FSII.O) rose as much as 18 percent a day after the chip-equipment maker posted better-than-expected quarterly results, helped by demand from international customers. Shares of Minneapolis-based FSI were trading at $5.24 in morning trade on Wednesday on the Nasdaq. The company said it was expecting an increase in revenue and a gain in market share in fiscal 2012. "Strong adoption of single-wafer products at multiple customers is driving growth," Needham analyst Edwin Mok said in a research note to clients. (Reporting by Chandni Doulatramani in Bangalore; Editing by Saumyadeb Chakrabarty)

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