Novellus Systems Inc, the San Jose, California-based wafer fabrication equipment manufacturer, has reported third-quarter net income up 186% at $21.7m on revenue up 45.2% at $154.9m. Earnings per share for the quarter rose to $0.54 from $0.22, easily eclipsing the First Call consensus estimate of $0.46. For the nine-month period, net income slipped 2.4% to […]
Novellus Systems Inc, the San Jose, California-based wafer fabrication equipment manufacturer, has reported third-quarter net income up 186% at $21.7m on revenue up 45.2% at $154.9m. Earnings per share for the quarter rose to $0.54 from $0.22, easily eclipsing the First Call consensus estimate of $0.46. For the nine-month period, net income slipped 2.4% to $43.6m on revenue down 2.8% at $401m, while earnings per share fell to $1.10 from $1.28 last year.
