FEI Company Reports Increased Second-Quarter Bookings and Earnings

HILLSBORO, Ore., Aug. 5, 2010 (GLOBE NEWSWIRE) -- FEI Company (Nasdaq:FEIC) reported record second-quarter net bookings and improved gross margins compared with the first quarter of 2010 and the second quarter of 2009. Net income on the basis of accounting principles generally accepted in the United States (GAAP) was $16.2 million or $0.40 per diluted share, compared with $4.1 million or $0.11 per diluted share in the first quarter of 2010 and $3.7 million or $0.10 per diluted share in the second quarter of 2009. Net income in the latest quarter was increased by a significant tax benefit and reduced by restructuring expenses. Excluding those items, both operating and net income were up substantially compared with the first quarter of this year and the prior year's second quarter.
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