FEI reports another weak quarter

FEI reports another weak quarter

The Hillsboro-based tech company profits totaled $24.9 million, or 59 cents per share.

That is below 72 cents a share last year, and also below the 65 to 75 cents a share that FEI had forecast.

FEI said it expects third-quarter sales will be up about 9 percent from a year ago, but cut its annual growth forecast to 5 to 7 percent – half the rate FEI had forecast in February.

Read more at OregonLive.com