U.S. Markets close in 1 hr 19 mins

Ultra Clean: 2Q Earnings Snapshot

HAYWARD, Calif. (AP) _ Ultra Clean Holdings Inc. (UCTT) on Wednesday reported second-quarter net income of $21.3 million, after reporting a loss in the same period a year earlier.

The Hayward, California-based company said it had profit of 52 cents per share. Earnings, adjusted for one-time gains and costs, came to 75 cents per share.

The chipmaking equipment services company posted revenue of $344.8 million in the period.

For the current quarter ending in October, Ultra Clean expects its per-share earnings to range from 56 cents to 72 cents.

The company said it expects revenue in the range of $320 million to $360 million for the fiscal third quarter.

Ultra Clean shares have increased nearly 6% since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $24.82, a climb of 65% 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 UCTT at https://www.zacks.com/ap/UCTT