Somero shoots higher on revised earnings guidance

Shareholders in laser machinery maker Somero Enterprises were beaming after the company said it made more profit in the first half of the year than the market was expecting it to make in the whole of the year.

Shareholders in laser machinery maker Somero Enterprises were beaming after the company said it made more profit in the first half of the year than the market was expecting it to make in the whole of the year.

Earnings before interest, tax, depreciation and amortisation (EBITDA) at the half year stage are expected to be slightly ahead of the market's forecasts for the full year, while half year revenues should be around 50% higher than in the equivalent period of 2011.

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