Irvine-based Newport Corp., which makes equipment used to produce semiconductors, said a goodwill write-down at one of its units will drive a deeper than expected loss in the fourth quarter.
Newport expects to post $65.5 million in charges related to its Advanced Packaging and Automation Systems division, along with other charges.
Before charges, Newport said it expects to earn about $3 million on sales of $100 million to $103 million.
Newport also said its book-to-bill ratio, a guage of future business, should exceed 1.0 in the quarter.
“Our order intake and sales levels for the fourth quarter are meeting our expectations,” said Robert G. Deuster, Newport’s chief executive officer.
