Ultratech Inc. Bottom Line Advances 257% In Q1

(RTTNews) - Ultratech Inc. (UTEK) revealed earnings for its first quarter that gained ground from last year.

The company said its bottom line rose to $9.68 million, or $0.35 per share. This was up from $2.71 million, or $0.10 per share, in last year's first quarter.

Analysts had expected the company to earn $0.27 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company said revenue for the quarter rose 27.0% to $57.41 million. This was up from $45.21 million last year.

Ultratech Inc. earnings at a glance:

-Earnings (Q1): $9.68 Mln. vs. $2.71 Mln. last year. -Earnings Growth (Y-o-Y): 257.2% -EPS (Q1): $0.35 vs. $0.10 last year. -EPS Growth (Y-o-Y): 250.0% -Analysts Estimate: $0.27 -Revenue (Q1): $57.41 Mln vs. $45.21 Mln last year. -Revenue Change (Y-o-Y): 27.0%