Align-Rite Anticipates Dip in Revenue, Profit
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Align-Rite International Inc. expects a slight decline in revenues and earnings this quarter compared to its record performance in the quarter ended September. 30.
For its third quarter, which ends December. 31, net earnings are expected to be 29 or 30 cents per share, compared to estimates by financial analysts of 33 cents.
The company expects the shortfall to be temporary, attributing it to a slowdown in orders from four U.S. customers, as well as an interruption in its manufacturing operations last month because of ongoing expansion plans in Southern California.
Align-Rite, based in Burbank, is a maker of photo masks, which are quartz or glass plates used to help transfer circuit patterns onto silicon wafers in the production of semiconductors.
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