HILLSBORO, Ore. (AP) _ FEI Co. (FEIC) on Thursday reported second-quarter profit of $37.3 million.
On a per-share basis, the Hillsboro, Oregon-based company said it had net income of 89 cents.
The results exceeded Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of 78 cents per share.
The scientific instrument maker posted revenue of $224.2 million in the period, also topping Street forecasts. Five analysts surveyed by Zacks expected $221.4 million.
For the current quarter ending in September, FEI said it expects revenue in the range of $215 million to $225 million.
The company expects full-year earnings to be $3.40 to $3.70 per share.
FEI shares have decreased 14 percent since the beginning of the year. In the final minutes of trading on Thursday, shares hit $77.82, a decline of 11 percent 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 FEIC at http://www.zacks.com/ap/FEIC
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Keywords: FEI, Earnings Report