January 31, 2013 at 11:20 AM EST
Ultratech Beats Q4 Views, Stock Near 17-Year High
Ultratech (UTEK), a supplier of lithography and laser-processing systems used to manufacture semiconductors and high-brightness light-emitting diodes, early Thursday reported fourth-quarter results that beat Wall Street's expectations. Shares rose a fraction in early trading, near 39.40 and near a 17-year high of 39.99 touched on Jan. 25. In the December quarter, Ultratech earned 48 cents a share, up 14% from the year-earlier quarter and a penny
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