Rudolph Technology profit falls as market weakens
FLANDERS, N.J., July 29 (Reuters) - Rudolph Technologies Inc. (NasdaqNM:RTEC - News) on Monday reported second-quarter net income that fell 84 percent from a year ago as the chip equipment maker faced a harsh market for its measurement products.
Flanders, New Jersey-based Rudolph said it earned $656,000, or 4 cents a share, down from net income of $4.12 million, or 25 cents a share, a year ago. Revenue fell to $13.1 million from $23.1 million.
Analysts were expecting earnings of 3 cents a share or 4 cents a share, with an average estimate of 3 cents a share, according to market tracker Thomson First Call.
Rudolph Technologies, which makes equipment to ensure that conducting and insulating materials deposited onto silicon wafers are neither too thin or too thick, said it expects to earn 5 cents a share in the third quarter.
Analysts currently forecast earnings of 10 cents, according to Thomson First Call. |
