Mattson Technology Inc. Reports 274% Advance In Q3 Profit

(RTTNews) - Mattson Technology Inc. (MTSN) reported earnings for its third quarter that advanced compared to the same period last year.

The company said its bottom line came in at $2.02 million, or $0.03 per share. This was higher than $0.54 million, or $0.01 per share, in last year's third quarter.

Analysts had expected the company to earn $0.00 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company said revenue for the quarter rose 1.2% to $38.89 million. This was up from $38.43 million last year.

Mattson Technology Inc. earnings at a glance:

-Earnings (Q3): $2.02 Mln. vs. $0.54 Mln. last year. -Earnings Growth (Y-o-Y): 274.1% -EPS (Q3): $0.03 vs. $0.01 last year. -EPS Growth (Y-o-Y): 200% -Analysts Estimate: $0.00 -Revenue (Q3): $38.89 Mln vs. $38.43 Mln last year. -Revenue Change (Y-o-Y): 1.2%