UPDATE 1-FSI International raises Q3 outlook; shares up

* Sees Q3 rev $27 mln-$29 mln vs est $24.2 mln

* Sees Q3 profit $5 mln-$6 mln vs prior view $2.5-$3 mln

* Shares up 16 pct after-market

May 26 (BestGrowthStock) – FSI International Inc (FSII.O: ) raised
its third-quarter revenue outlook above Wall Street
expectations, helped by improved orders, sending the chip
equipment maker’s shares up more than 16 percent in trading
after the bell.
FSI International now expects third-quarter revenue of $27
million to $29 million, up from its prior view of $23 million
to $25 million.

It expects net income of $5 million to $6 million, compared
with prior outlook of $2.5 million to $3 million.

Analysts were expecting revenue of $24.2 million, according
to Thomson Reuters I/B/E/S.

FSI International now expects third-quarter orders to be
between $28 and $30 million, from its previous outlook of $25
million to $27 million.

Shares of the company were trading up about 16 percent in
after-market trade at $3.20. They closed at $2.75 Wednesday on
Nasdaq.

Stock Market News

(Reporting by Sudipto Ganguly in Bangalore; Editing by Maju
Samuel)

UPDATE 1-FSI International raises Q3 outlook; shares up