FEI 'disappointed' with Q1 earnings

FEI 'disappointed' with Q1 earnings

The Hillsboro-based microscope maker reported weak first-quarter sales and profits.

FEI has reported strong sales growth in each of the past four years, benefiting from growth in the electronics and life sciences industries, and had forecast that 2014 could be its first with more than $1 billion in revenue. But the year is off to a tough start, with sales and profits below the company’s forecast range.

"This was a difficult quarter," FEI chief executive Don Kania said in a written statement. "While revenue was a record for a first quarter, it was below our expectations, and that affected our earnings.”

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