FSI International (FSII) Forecasts Raised, Shares Surge 18%

Shares of FSI International Inc FSII surged 18% to $3.25 in after hours trading. FSI International Inc on Wednesday after the market closed raised its 3rd quarter guidance. The company doubled its net income forecast to a range of $5 million to $6 million, up from the previous forecast of $2.5 million to $3 million. FSI International Inc raised it revenue forecast to a range of $27 million to $29 million, up from its previous forecast of $23 million to $25 million. A poll of analysts conducted by Thomson Reuters showed an average Wall Street estimate of expected revenue of $24.2 million. FSI International Inc also raised its forecast of 3rd quarter orders to $28 million to $30 million, up from its previous forecast of $25 million to $27 million.