November 19, 2009 / 10:34 PM / 10 years ago

UPDATE 1-Verigy Q4 beats, sees Q1 above Street

* Q4 adj loss/shr $0.12 vs est. $0.20

* Q4 rev $97 mln vs est. $96.4 mln

* Sees Q1 adj loss/shr $0.02-$0.09 vs est. $0.14

* Shares up 11 pct after the bell

Nov 19 (Reuters) - Semiconductor testing company Verigy Ltd VRGY.O posted quarterly results above Wall Street view and forecast a narrower-than-expected first-quarter loss, sending its shares up 11 percent after the bell.

“We are encouraged by the improved demand that we are seeing from customers with revenue increasing for the third consecutive quarter,” Chief Financial Officer Bob Nikl said in a statement.

The company said it expects to benefit from its restructuring programs in the new fiscal year.

For the fourth quarter, the company’s net loss fell to $12 million, or 20 cents per share, from $36 million, or 60 cents a share, a year ago.

Revenue fell 35 percent to $97 million.

Excluding items, the company posted a loss of 12 cents per share.

Analysts expected a loss of 20 cents per share, before items, on revenue of $96.4 million, according to Thomson Reuters I/B/E/S.

For the first quarter, the company expects a loss of 6 cents to 13 cents per share.

Excluding items, it projects a loss of 2 cents to 9 cents per share, on revenue of $105 million to $115 million.

Analysts were expecting a loss of 14 cents per share on revenue of $105.6 million.

Shares of the company were up $1 at $10 in post-market trade. They closed at $9 Thursday on Nasdaq.

For alerts, double click [ID:nWNAB8252] (Reporting by Mansi Dutta in Bangalore; Editing by Unnikrishnan Nair)

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