HILLSBORO, Ore. (AP) _ FEI Co. (FEIC) on Tuesday reported third-quarter profit of $10.4 million.
On a per-share basis, the Hillsboro, Oregon-based company said it had net income of 25 cents. Earnings, adjusted for one-time gains and costs, were 68 cents per share.
The results did not meet Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of 76 cents per share.
The scientific instrument maker posted revenue of $212.6 million in the period, which also did not meet Street forecasts. Four analysts surveyed by Zacks expected $220.7 million.
For the current quarter ending in December, FEI said it expects revenue in the range of $260 million to $275 million.
The company expects full-year earnings to be $2.85 to $3 per share.
FEI shares have declined 15 percent since the beginning of the year. In the final minutes of trading on Tuesday, shares hit $76.47, a drop of slightly more than 4 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