Zygo Corp. to record net loss for FY08 Q1
Zygo Corp. (Nasdaq: ZIGO), a supplier of optical metrology instruments, precision optics, and electro-optical design and manufacturing, said this morning that it will record a net loss for its first fiscal quarter of 2008, while analysts were expecting a profit for the quarter.
For the first three months ended Sept. 30, the Middlefield, CT.-based firm said it expects to record a loss in range of $0.04 to $0.06, while two analysts surveyed by Thomson Financial were on average expecting a profit of $0.03 per share. For the first quarter last year the company recorded earnings of $0.20 per share.
Zygo said it expects sales for the first quarter to be in the range of $31 to $32 million, below the $37.1 million estimate of an analyst polled by Thomson Financial. Sales for the first quarter last year were $41.11 million.
Shares of Zygo (ZIGO) were halted in pre-market trading.
