Umm...
Are we discussing the same NVLS?
:)
(didn't follow the CC though)
Reuters Technology
Novellus First-Quarter Sales Tumble
SAN JOSE, Calif. (Reuters) - Novellus Systems Inc. (NasdaqNM:NVLS - news), which makes semiconductor production equipment, on Monday said sales dropped 63 percent in the first quarter, as the chip equipment industry slump dragged into the new year.
In the quarter ended March 30, Novellus said it recorded a loss of $3.3 million, or 2 cents a share, excluding a one-time net special benefit and a gain on the sale of an investment. In the year-ago quarter, the company earned $82.1 million, or 55 cents a share.
Net sales tumbled to $169.7 million from $458.7 million in the same quarter last year.
After the effect of the special items, Novellus said it earned $3.8 million, or 3 cents a share.
Shares of Novellus rose $1.69, or 3.5 percent, to $50.40 on Monday. |
