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Intevac: 3Q Earnings Snapshot

·1 min read

SANTA CLARA, Calif. (AP) _ Intevac Inc. (IVAC) on Monday reported a loss of $357,000 in its third quarter.

The Santa Clara, California-based company said it had a loss of 2 cents per share. Losses, adjusted for restructuring costs, were 1 cent per share.

The producer of manufacturing equipment used in the disk drive, solar, semiconductor and photonics industries posted revenue of $21.6 million in the period.

Intevac shares have fallen 21% since the beginning of the year. In the final minutes of trading on Monday, shares hit $5.60, a rise of almost 6% in the last 12 months.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on IVAC at https://www.zacks.com/ap/IVAC