Premium photographic image-product company, Fujifilm Holdings Corporation FUJIY reported mixed results for fourth-quarter fiscal 2017 (ended Mar 31, 2017).Inside the HeadlinesNet income for the quarter was ¥52.3 billion ($460.5 million), remarkably up 51.7% year over year. Quarterly earnings per American Depositary Receipt (“ADR”) came in at $1.08, surging 45.9% year over year. The bottom line also surpassed the Zacks Consensus Estimate of 57 cents.Net income for fiscal 2017 came in at ¥131.5 billion ($1214.3 million) , up 18% year over year.Under the guidelines of the VISION 2016 plan (Apr 1, 2014 to Mar 31, 2017), Fujifilm has sucessfully boosted its profitability on the back of three major pillars – efficient management, expansion of international operations and launch of businesses.RevenuesIn the quarter, revenues edged down 0.9% year over year to ¥629.9 billion ($5,544.9 million). In addition, the top line missed the Zacks Consensus Estimate of $6,041 million.Revenues from the Imaging Solutions segment – 13.4% of the total revenue – came in at roughly ¥85 billion ($747.9 million). The Information Solutions segment’s revenue was ¥257.4 billion ($2,265.5 million), representing 40.8% of the total revenue, while the Document Solutions segment generated ¥290.8 billion ($2,560.2 million), accounting for 45.8% of the total revenue.Of the total revenue, domestic revenues accounted for 43.1%, while international revenues made up the remaining 56.9%.Revenues for fiscal 2017 came in at ¥2,322.2 billion, down 5.6% year over year.Costs/MarginsGross margin in the fiscal fourth quarter was 39.4%, up 130 basis points (bps) year over year. Selling, general and administrative (SG&A) and R&D expenses were ¥193 billion ($1,699 million) or 30.6% of the total revenue.Gross margin for fiscal 2017 came in at 40.1%, expanding 80 bps year over year.Balance SheetFujifilm exited the fiscal fourth quarter with cash and cash equivalents of roughly ¥876 billion ($7,870.2 million), up 45.8% from the figure recorded as of Mar 31, 2016. The company’s long-term debt came in at ¥434.8 billion ($3,906.9 million), up 40.1% from the figure recorded at the end of fiscal 2016.Cash FlowIn fiscal 2017, Fujifilm’s net cash from operating activities totaled ¥288.6 billion ($2,665 million), while its capital expenditure was ¥74.6 billion ($689.3 million).OutlookThe company expects a 5.9% year-over-year rise in revenues to ¥2,460 billion in fiscal 2018. Operating income is projected at ¥185 billion, reflecting 7.4% growth from fiscal 2017. However, net income for fiscal 2018 is estimated to be down 4.9% year over year to ¥125 billion. This will result in earnings per share of ¥285.55.Stocks to ConsiderSome better-ranked stocks in the industry are listed below:Applied Optoelectronics, Inc. AAOI generated an outstanding average positive earnings surprise of 118.33% over the trailing four quarters and currently sports a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.Agilent Technologies, Inc. A has an average positive earnings surprise of 11.68% for the last four quarters and carries a Zacks Rank #2 (Buy), at present.Axcelis Technologies, Inc. ACLS also holds a Zacks Rank #2 and has an impressive average positive earnings surprise of 135.78% for the past four quarters.Zacks' 2017 IPO Watch List Before looking into the stocks mentioned above, you may want to get a head start on potential tech IPOs that are popping up on Zacks' radar. Imagine being in the first wave of investors to jump on a company with almost unlimited growth potential? This Special Report gives you the current scoop on 5 that may go public at any time.One has driven from 0 to a billion valuation in 8 years. Four others are a little less obvious but already show jaw-dropping growth. Download this IPO Watch List today for free >>Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Axcelis Technologies, Inc. (ACLS): Free Stock Analysis Report Applied Optoelectronics, Inc. (AAOI): Free Stock Analysis Report Fujifilm Holdings Corp. (FUJIY): Free Stock Analysis Report Agilent Technologies, Inc. (A): Free Stock Analysis Report To read this article on Zacks.com click here.