Verigy predicts fiscal 2nd-qtr results below Wall Street expectations

Verigy predicts fiscal 2Q below analyst views

CUPERTINO, Calif. — Verigy Ltd. on Tuesday predicted fiscal second-quarter results that are lower than what analysts expect.

Shares of Verigy, which also reported its fiscal first-quarter results, fell $1.01, or 9.3 percent, in after-hours trading. The stock had finished regular trading down 44 cents, or 3.9 percent, at $10.84.

The maker of chip testing equipment said it expects a loss between 3 cents and 12 cents per share in the current quarter ending in April.

When excluding special items, the company expects results to range between a loss of 8 cents per share and a profit of a penny per share; analysts polled by Thomson Financial, who generally exclude one-time items, are looking for a profit of 2 cents per share.

Verigy also predicted that its revenue for the quarter will total $107 million to $117 million. Analysts expect $119.8 million.

The company predicted that it will become profitable again in the fiscal third quarter.