Reuters: Global Markets: FSI International beats Street, shares jump

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FSI International beats Street, shares jump Mar 20th 2012, 20:49 Tue Mar 20, 2012 4:49pm EDT (Reuters) - Chip-equipment maker FSI International Inc (FSII.O) posted better-than-expected quarterly results as orders more than doubled, and forecast a strong third quarter, sending its shares up 11 percent in after-hours trading. Second-quarter net income fell to $3.7 million, or 9 cents a share, from $4.9 million, or 13 cents a share, a year ago. Revenue rose 25 percent to $38.5 million, while orders rose 123 percent to $51.4 million. Analysts expected the company to earn 5 cents a share on revenue of $32.1 million, according to Thomson Reuters I/B/E/S. For the current quarter, the company expects more than $50 million in sales, compared with analysts' estimates of $36.3 million. Shares of the company rose to $5.09 in trading after the bell. They closed at $4.60 Tuesday on the Nasdaq.

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