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Intevac: 4Q Earnings Snapshot

SANTA CLARA, Calif. (AP) _ Intevac Inc. (IVAC) on Wednesday reported fourth-quarter net income of $5.2 million, after reporting a loss in the same period a year earlier.

On a per-share basis, the Santa Clara, California-based company said it had net income of 22 cents.

The producer of manufacturing equipment used in the disk drive, solar, semiconductor and photonics industries posted revenue of $35.4 million in the period.

For the year, the company reported profit of $1.1 million, or 5 cents per share. Revenue was reported as $108.9 million.

Intevac shares have declined slightly more than 2% since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $6.90, a rise of 29% in the last 12 months.


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