Tallahassee, FL 3/21/12 (StreetBeat) -- Shares of FSI International Inc (Nasdaq:FSII) rose as much as 18 percent a day after the chip-equipment maker posted better-than-expected quarterly results, helped by demand from international customers.Shares of Minneapolis-based FSI were trading at $5.24 in morning trade on Wednesday on the Nasdaq.
The company said it was expecting an increase in revenue and a gain in market share in fiscal 2012.
"Strong adoption of single-wafer products at multiple customers is driving growth," Needham analyst Edwin Mok said in a research note to clients.
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