Mattson Technology (MTSN) Tops Q2 EPS by 1c

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Needham & Company Cuts Price Target on Mattson Technology (MTSN) Following 2Q15

July 31, 2015 9:51 AM EDT

Needham & Company maintained a Buy rating on Mattson Technology (NASDAQ: MTSN), and cut the price target to $4.00 (from $5.00), following 2Q15 results. MTSN reported revenue/NG EPS of $43.3MM/ $0.03 beat the Street's $42.2MM/$0.02. Management's 3Q guidance for Rev/EPS of ~$37MM/$0.00 are well below the Street's $47.8MM/$0.04... More