Verigy reports loss narrowed sharply in second quarter amid strong demand for products

Verigy reports narrower Q2 loss

CUPERTINO, Calif. — Verigy Ltd. said its fiscal second-quarter loss narrowed sharply amid strong demand for products of the chip-testing equipment maker.

For the quarter that ended April 30, Verigy on Thursday reported a loss of $1 million, or 2 cents a share, compared with a loss of $30 million, or 52 cents a share, in the same period last year. The results for the latest quarter include about $3.9 million in charges related to restructuring and a writedown of the value of an investment.

Verigy’s revenue jumped 69 percent, to $120 million in the second quarter from a year earlier.

Verigy shares rose 7 cents, or 0.7 percent, to $10.13 in regular trading Friday.