| Camtek to 'Reduce Costs' After Q3 Sales Drop | | Print | |
| Written by Mike Buetow | |||
| Friday, 16 November 2012 15:37 | |||
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MIGDAL HAEMEK, ISRAEL -- Camtek's third-quarter revenues fell 20% from last year to $23.7 million. Sales were down 5% sequentially, the AOI maker said. Net income fell $200,000 from last year to $2.4 million for the period. GAAP operating income of $3.1 million, down from $4 million last year. The company guided for fourth quarter revenues of $15 million to $18 million, and said it will take certain unspecified restructuring measures to lower its breakeven point.
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| Last Updated on Friday, 16 November 2012 15:41 |
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