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Intevac: 4Q Earnings Snapshot

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SANTA CLARA, Calif. (AP) _ Intevac Inc. (IVAC) on Wednesday reported fourth-quarter net income of $1.1 million.

The Santa Clara, California-based company said it had profit of 5 cents per share.

The producer of manufacturing equipment used in the disk drive, solar, semiconductor and photonics industries posted revenue of $28.6 million in the period.

For the year, the company said profit was nearly unchanged at $1.1 million. Annual earnings per share dropped to 4 cents from 5 cents. Revenue was reported as $97.8 million.

Intevac shares have risen roughly 5% since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $7.54, a rise of 24% 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