(NVLS) Novellus Systems Beats Expectations – Outlook Softening
Novellus Systems’ (NVLS) third quarter earnings beat the Zacks Consensus Estimate by 4 cents. Revenue exceeded the Zacks Consensus by 3.7%. Shares were up marginally by 0.99%, as guidance indicated uncertain demand. Revenue Novellus reported revenue of $367.2 million, up 14.3% sequentially and 107.6% year over year, better than management’s guidance range of $335-365 million. Management stated [...] (NVLS) Novellus Systems Beats Expectations – Outlook Softening
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