Credence Systems, the maker of chip-testing gear, saw its shares fall the most since March after the company predicted a loss in the first quarter on a drop in sales. Credence expects a per-share loss of 37 cents to 39 cents on sales of $58 million to $62 million, according to a statement. Analysts, on average, expect profit of 4 cents a share on revenue of $100.8 million. Milpitas-based Credence plans to restructure and divest some assets to focus on consumer semiconductor markets in Asia. The restructuring will result in a loss of 400 jobs worldwide and about $16 million in costs in the first quarter, the company said.
– Bloomberg News
